Citigroup Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG) had its price target reduced by Citigroup from $70.00 to $69.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target would suggest a potential upside of 19.47% from the company’s previous close.

A number of other analysts have also recently commented on CMG. BMO Capital Markets lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital upped their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, January 22nd. Finally, Barclays boosted their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.88.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $57.76 on Monday. Chipotle Mexican Grill has a fifty-two week low of $46.29 and a fifty-two week high of $69.26. The firm has a market capitalization of $78.70 billion, a PE ratio of 53.76, a PEG ratio of 1.88 and a beta of 1.27. The stock’s fifty day moving average is $60.63 and its 200 day moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. Equities analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMG. Stiles Financial Services Inc lifted its position in shares of Chipotle Mexican Grill by 6.0% during the 4th quarter. Stiles Financial Services Inc now owns 9,950 shares of the restaurant operator’s stock worth $600,000 after purchasing an additional 560 shares during the last quarter. Martin Capital Advisors LLP lifted its holdings in shares of Chipotle Mexican Grill by 1.5% during the fourth quarter. Martin Capital Advisors LLP now owns 38,194 shares of the restaurant operator’s stock worth $2,303,000 after buying an additional 550 shares during the last quarter. 17 Capital Partners LLC boosted its position in shares of Chipotle Mexican Grill by 1.6% in the fourth quarter. 17 Capital Partners LLC now owns 14,467 shares of the restaurant operator’s stock valued at $872,000 after acquiring an additional 225 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth $691,000. Finally, Kestra Private Wealth Services LLC boosted its holdings in Chipotle Mexican Grill by 16.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 210,470 shares of the restaurant operator’s stock valued at $12,691,000 after purchasing an additional 29,566 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.