Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $1,348.00 at Deutsche Bank Aktiengesellschaft


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Chipotle Mexican Grill (NYSE:CMG) had its price objective boosted by research analysts at Deutsche Bank Aktiengesellschaft from $1,235.00 to $1,348.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 3.37% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank of Canada raised shares of Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $1,320.00 to $1,650.00 in a research report on Thursday. Credit Suisse Group boosted their target price on shares of Chipotle Mexican Grill from $1,250.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, October 16th. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $1,050.00 to $1,200.00 and gave the stock a “market perform” rating in a research report on Thursday, October 22nd. BTIG Research boosted their target price on shares of Chipotle Mexican Grill from $1,450.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Friday, January 8th. Finally, Cowen boosted their target price on shares of Chipotle Mexican Grill from $1,400.00 to $1,550.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Buy” and an average target price of $1,346.55.

Chipotle Mexican Grill stock opened at $1,395.00 on Thursday. The firm has a market cap of $39.03 billion, a PE ratio of 166.87, a P/E/G ratio of 3.22 and a beta of 1.31. The firm’s 50 day moving average price is $1,357.73 and its two-hundred day moving average price is $1,259.72. Chipotle Mexican Grill has a twelve month low of $415.00 and a twelve month high of $1,435.52.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, October 21st. The restaurant operator reported $3.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.44 by $0.32. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 16.70%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.82 EPS. Research analysts expect that Chipotle Mexican Grill will post 10.94 EPS for the current fiscal year.

In other news, insider Roger E. Theodoredis sold 2,651 shares of the stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $1,267.17, for a total value of $3,359,267.67. Following the completion of the transaction, the insider now owns 4,293 shares in the company, valued at approximately $5,439,960.81. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Pershing Square Capital Manage sold 37,548 shares of the stock in a transaction on Monday, January 4th. The shares were sold at an average price of $1,333.29, for a total transaction of $50,062,372.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. IFM Investors Pty Ltd raised its stake in shares of Chipotle Mexican Grill by 17.2% in the 4th quarter. IFM Investors Pty Ltd now owns 2,561 shares of the restaurant operator’s stock valued at $3,551,000 after buying an additional 375 shares in the last quarter. Redpoint Investment Management Pty Ltd increased its position in shares of Chipotle Mexican Grill by 28.6% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 759 shares of the restaurant operator’s stock worth $1,053,000 after purchasing an additional 169 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of Chipotle Mexican Grill by 20.2% during the 4th quarter. Sowell Financial Services LLC now owns 238 shares of the restaurant operator’s stock worth $330,000 after purchasing an additional 40 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $749,000. Finally, CHURCHILL MANAGEMENT Corp increased its position in shares of Chipotle Mexican Grill by 91.1% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 17,506 shares of the restaurant operator’s stock worth $24,276,000 after purchasing an additional 8,344 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2020, it operated approximately 2,700 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company was founded in 1993 and is headquartered in Newport Beach, California.

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