Chipotle Mexican Grill (NYSE:CMG) Stock Gets Price Target Cut from Raymond James Financial

Chipotle Mexican Grill (NYSE:CMG) had its target price lowered by Raymond James Financial from $42.50 to $37.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the stock. Argus upped their price objective on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Evercore reissued an “outperform” rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Guggenheim restated a “neutral” rating and set a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, TD Cowen reaffirmed a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.67.

Chipotle Mexican Grill Stock Down 0.2%

NYSE CMG opened at $29.84 on Friday. The stock has a market capitalization of $37.75 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. Chipotle Mexican Grill has a 12-month low of $28.03 and a 12-month high of $42.74. The company has a 50 day moving average price of $33.97 and a two-hundred day moving average price of $33.48.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the business posted $0.33 EPS. Chipotle Mexican Grill’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill will post 1.14 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the sale, the insider owned 21,415 shares of the company’s stock, valued at $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently made changes to their positions in CMG. EP Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth about $948,000. Callan Family Office LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $1,406,000. MassMutual Private Wealth & Trust FSB grew its holdings in Chipotle Mexican Grill by 7,051.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock worth $7,787,000 after acquiring an additional 240,318 shares during the last quarter. Park National Corp OH grew its holdings in Chipotle Mexican Grill by 442.1% during the 3rd quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator’s stock worth $9,883,000 after acquiring an additional 252,265 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab increased its position in Chipotle Mexican Grill by 40.2% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock valued at $9,138,000 after acquiring an additional 77,002 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Chipotle Mexican Grill

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

• Positive Sentiment: Raymond James maintained an “outperform” rating while lowering its price target from $42.50 to $37.00. The revised target still implies substantial upside from recent trading levels, suggesting the firm views the recent decline as excessive. Raymond James lowers Chipotle price target
• Positive Sentiment: Morgan Stanley raised its price target from $39 to $40, although it retained an “equal weight” rating. The move indicates modestly improved valuation expectations.
• Positive Sentiment: UBS expects Chipotle’s sales growth to strengthen in 2027, supported by new initiatives and investments intended to increase customer traffic and engagement. Historical performance also offers a potential seasonal catalyst: shares produced double-digit fourth-quarter returns in 2020 and 2023. History says Q4 will bring for Chipotle stock
• Neutral Sentiment: Restaurant chains, including Chipotle, are adjusting portion sizes, menu formats and pricing strategies as consumers become more price-conscious. These changes could support traffic but may also affect average checks and margins. Restaurant chains adjust menu strategies
• Negative Sentiment: UBS projects broadly in-line third-quarter sales, including same-store sales growth of 1.5%, but warns that weaker trends entering the fourth quarter could pressure near-term results. Sales growth and restaurant margins remain challenged ahead of the expected 2027 recovery. UBS outlook for Chipotle
• Negative Sentiment: Stephens lowered its price target from $40 to $38 and kept an “equal weight” rating, reinforcing concerns about limited near-term operating momentum.

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.