Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $39.00 by Analysts at Piper Sandler

Chipotle Mexican Grill (NYSE:CMG) had its target price cut by equities researchers at Piper Sandler from $42.00 to $39.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Piper Sandler’s price target points to a potential upside of 0.53% from the company’s previous close.

A number of other equities analysts also recently commented on CMG. Mizuho lifted their target price on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, May 5th. Weiss Ratings cut Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Finally, TD Cowen reiterated a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday. Twenty-four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.95.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $4.55 during midday trading on Thursday, hitting $38.80. 22,503,804 shares of the company were exchanged, compared to its average volume of 17,784,621. The business has a fifty day simple moving average of $32.65 and a two-hundred day simple moving average of $34.61. The firm has a market capitalization of $49.76 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.19 and a beta of 0.97. Chipotle Mexican Grill has a fifty-two week low of $28.03 and a fifty-two week high of $44.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, equities analysts expect that Chipotle Mexican Grill will post 1.13 earnings per share for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently added to or reduced their stakes in the business. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. MV Capital Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $28,000. Merkkuri Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $28,000. Finally, Rule One Partners LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $32,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Key Chipotle Mexican Grill News

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

• Positive Sentiment: Q2 earnings and revenue beat expectations. Chipotle reported adjusted earnings of $0.33 per share versus the $0.32 analyst consensus, while revenue rose 9.3% year over year to $3.35 billion, slightly ahead of the $3.33 billion estimate. Chipotle shares rise on quarterly earnings beat, raised outlook
• Positive Sentiment: Management raised its full-year comparable-sales forecast. The upgraded outlook reflects stronger momentum from the company’s “Recipe for Growth” strategy, including value offerings, menu innovation, digital engagement and improved restaurant execution. Comparable restaurant sales increased 2.2%, with transaction trends improving for a second consecutive quarter. Chipotle raises annual sales forecast
• Positive Sentiment: Analysts became more constructive. DA Davidson raised its price target from $45 to $50 and initiated a “buy” rating. TD Cowen reaffirmed its “buy” rating with a $44 target, while BTIG Research maintained its “buy” rating and $45 target. Morgan Stanley and Stephens also lifted their targets to $39 and $40, respectively, while retaining “equal weight” ratings. These Analysts Increase Their Forecasts On Chipotle After Strong Q2 Results
• Neutral Sentiment: Expansion supported revenue growth. Chipotle opened 100 restaurants during the quarter, helping drive sales, while management continues to emphasize long-term unit growth and operational improvements. However, investors are weighing the pace of expansion against profitability and execution demands. Chipotle Mexican Grill Posts Higher Sales, Driven by New Restaurant Openings
• Negative Sentiment: Near-term operating concerns remain. Chipotle cited margin pressure and softer sales trends in late July, partly attributed to customer concerns surrounding a lettuce-linked cyclospora outbreak, although the company said it was not involved in the outbreak. Labor costs and value promotions could also weigh on margins. Chipotle lifts its sales forecast even as a lettuce-linked outbreak slows foot traffic

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.