Chipotle Mexican Grill (NYSE:CMG) Price Target Increased to $1,850.00 by Analysts at UBS Group

Chipotle Mexican Grill (NYSE:CMG) had its target price hoisted by UBS Group from $1,700.00 to $1,850.00 in a research note released on Wednesday morning, Price Targets.com reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other brokerages have also recently issued reports on CMG. Deutsche Bank Aktiengesellschaft increased their target price on Chipotle Mexican Grill from $1,462.00 to $1,495.00 and gave the stock a hold rating in a report on Friday, April 23rd. Stephens upgraded Chipotle Mexican Grill from an equal weight rating to an overweight rating and increased their target price for the stock from $1,600.00 to $1,700.00 in a report on Thursday, May 27th. Morgan Stanley increased their target price on Chipotle Mexican Grill from $1,602.00 to $1,646.00 and gave the stock an equal weight rating in a report on Wednesday. Truist Securiti increased their target price on Chipotle Mexican Grill from $1,700.00 to $1,750.00 in a report on Tuesday, April 6th. Finally, JPMorgan Chase & Co. increased their target price on Chipotle Mexican Grill from $1,350.00 to $1,460.00 and gave the stock a neutral rating in a report on Monday, April 12th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of Buy and a consensus price target of $1,719.29.

Chipotle Mexican Grill stock opened at $1,755.99 on Wednesday. The company has a market cap of $49.43 billion, a PE ratio of 78.48, a price-to-earnings-growth ratio of 3.47 and a beta of 1.35. Chipotle Mexican Grill has a 52-week low of $1,094.93 and a 52-week high of $1,778.29. The stock’s 50 day simple moving average is $1,445.33.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Monday, July 19th. The restaurant operator reported $7.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.52 by $0.94. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Chipotle Mexican Grill had a return on equity of 28.98% and a net margin of 8.57%. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill will post 24.54 earnings per share for the current year.

In other news, Director Robin S. Hickenlooper sold 109 shares of the stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $1,300.00, for a total transaction of $141,700.00. Following the completion of the transaction, the director now owns 944 shares in the company, valued at approximately $1,227,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 7,798 shares of the stock in a transaction on Monday, July 12th. The stock was sold at an average price of $1,608.22, for a total value of $12,540,899.56. Following the transaction, the chief executive officer now owns 37,524 shares of the company’s stock, valued at approximately $60,346,847.28. The disclosure for this sale can be found here. Insiders have sold a total of 12,309 shares of company stock valued at $19,365,245 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Hancock Whitney Corp bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $1,580,000. NFJ Investment Group LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth about $4,616,000. Janney Montgomery Scott LLC boosted its stake in Chipotle Mexican Grill by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,149 shares of the restaurant operator’s stock worth $15,841,000 after purchasing an additional 906 shares during the period. Jag Capital Management LLC boosted its stake in Chipotle Mexican Grill by 238.1% in the 1st quarter. Jag Capital Management LLC now owns 14,408 shares of the restaurant operator’s stock worth $20,472,000 after purchasing an additional 10,147 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Chipotle Mexican Grill by 6.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,448 shares of the restaurant operator’s stock worth $2,057,000 after purchasing an additional 82 shares during the period. Institutional investors own 89.19% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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