The Deutsche Bank AG Cuts Chipotle Mexican Grill Inc. (CMG) Price Target to $280.00

The Deutsche Bank AG Cuts Chipotle Mexican Grill Inc. (CMG) Price Target to $280.00

Chipotle Mexican Grill Inc. (NYSE:CMG) had its price objective lowered by Deutsche Bank AG from $340.00 to $280.00 in a research note published on Wednesday morning. Deutsche Bank AG currently has a sell rating on the stock.

Other research analysts also recently issued reports about the company. Vetr upgraded Chipotle Mexican Grill from a buy rating to a strong-buy rating and set a $446.39 price target for the company in a report on Tuesday, August 9th. Goldman Sachs Group Inc. cut their price target on Chipotle Mexican Grill from $490.00 to $445.00 and set a neutral rating for the company in a report on Monday, July 25th. BTIG Research reiterated a neutral rating on shares of Chipotle Mexican Grill in a report on Monday, July 18th. Jefferies Group reiterated an underperform rating and issued a $330.00 price target (down from $350.00) on shares of Chipotle Mexican Grill in a report on Monday, July 25th. Finally, Nomura reiterated a neutral rating and issued a $405.00 price target (down from $420.00) on shares of Chipotle Mexican Grill in a report on Monday, July 25th. Eight analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $452.64.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 370.08 on Wednesday. The firm has a market capitalization of $10.71 billion, a PE ratio of 149.47 and a beta of 0.60. The stock has a 50 day moving average price of $411.48 and a 200 day moving average price of $419.20. Chipotle Mexican Grill has a 52 week low of $362.82 and a 52 week high of $632.98.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by $1.32. The business earned $1.04 billion during the quarter, compared to analyst estimates of $13.71 million. Chipotle Mexican Grill had a net margin of 1.94% and a return on equity of 5.46%. The company’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.59 earnings per share. Equities analysts forecast that Chipotle Mexican Grill will post $1.62 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CMG. Generation Investment Management LLP purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $230,936,000. Ruane Cunniff & Goldfarb Inc. boosted its position in Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock valued at $235,360,000 after buying an additional 490,487 shares during the period. Point72 Asset Management L.P. purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $81,768,000. Adage Capital Partners GP L.L.C. boosted its position in Chipotle Mexican Grill by 325.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 191,110 shares of the company’s stock valued at $76,971,000 after buying an additional 146,200 shares during the period. Finally, BlackRock Advisors LLC boosted its position in Chipotle Mexican Grill by 63.6% in the second quarter. BlackRock Advisors LLC now owns 342,178 shares of the company’s stock valued at $137,816,000 after buying an additional 132,993 shares during the period. Hedge funds and other institutional investors own 96.68% of the company’s stock.

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