Chipotle Mexican Grill (NYSE:CMG) Stock Gets Price Target Reduction from Citigroup

Chipotle Mexican Grill (NYSE:CMG) had its price objective reduced by Citigroup from $43.00 to $41.00 in a report issued on Thursday,Benzinga reports. Citigroup currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts also recently issued reports on CMG. TD Cowen reaffirmed a “hold” rating and set a $32.00 price target on shares of Chipotle Mexican Grill in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price objective (down from $45.00) on shares of Chipotle Mexican Grill in a report on Thursday. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Seaport Research Partners started coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, September 16th. They issued a “neutral” rating on the stock. Twenty-seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.36.

Chipotle Mexican Grill Stock Up 2.0%

NYSE:CMG opened at $31.89 on Thursday. Chipotle Mexican Grill has a 12-month low of $27.31 and a 12-month high of $41.42. The firm has a market capitalization of $40.35 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.99 and a beta of 0.96. The stock’s 50 day moving average price is $33.07 and its two-hundred day moving average price is $34.12.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.29 billion. Chipotle Mexican Grill had a return on equity of 57.05% and a net margin of 10.83%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts expect that Chipotle Mexican Grill will post 1.10 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $4,417,475,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Chipotle Mexican Grill by 19.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock worth $527,469,000 after buying an additional 2,727,762 shares in the last quarter. Amundi raised its holdings in shares of Chipotle Mexican Grill by 23.3% during the 1st quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock worth $383,486,000 after buying an additional 2,266,087 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $383,483,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Chipotle Mexican Grill by 30.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator’s stock worth $368,751,000 after buying an additional 2,541,795 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill News Roundup

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Third-quarter revenue rose 9.6% year over year to approximately $3.29 billion and comparable sales remained positive for the third consecutive quarter. New menu launches, loyalty offers, digital engagement and improved traffic—particularly among lower-income customers—supported the recovery. Chipotle Q3 Earnings Miss Estimates, Revenues Top, Stock Up
• Positive Sentiment: Management’s planned roughly 3% menu-price increase in the fourth quarter should help offset rising beef, freight and labor costs. Investors also responded positively to Chipotle’s brisket launch, expanding restaurant base, more than 24 million loyalty members and plans to open as many as 385 locations in 2027. Chipotle stock soars after chain reveals menu price increases
• Positive Sentiment: Several analysts still see substantial recovery potential. DA Davidson, Oppenheimer, BTIG and Citigroup maintained bullish ratings or targets implying upside, while buybacks and a perceived price floor near $32 reinforced the rebound thesis. Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.