KeyCorp Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $64.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective cut by KeyCorp from $66.00 to $64.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

CMG has been the subject of several other reports. BMO Capital Markets increased their price target 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. TD Cowen increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $57.29 on Wednesday. The firm’s 50-day simple moving average is $60.17 and its two-hundred day simple moving average is $57.83. The firm has a market cap of $78.06 billion, a price-to-earnings ratio of 53.32, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Analysts forecast that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated 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 in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. grew its position in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares in the last quarter. L & S Advisors Inc bought a new stake in Chipotle Mexican Grill in the third quarter worth about $3,256,000. Optas LLC raised its position in Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares in the last quarter. Lockheed Martin Investment Management Co. raised its position in Chipotle Mexican Grill by 19.6% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 177,630 shares of the restaurant operator’s stock worth $10,711,000 after acquiring an additional 29,140 shares in the last quarter. Finally, Harrell Investment Partners LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $2,513,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.