Chipotle Mexican Grill (NYSE:CMG) Given New $3,400.00 Price Target at UBS Group

Chipotle Mexican Grill (NYSE:CMG) had its target price hoisted by UBS Group from $2,900.00 to $3,400.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a market perform rating in a report on Wednesday, February 7th. Oppenheimer boosted their price target on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the stock an outperform rating in a research report on Friday, January 5th. Wells Fargo & Company boosted their price target on shares of Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the stock an overweight rating in a research report on Wednesday, February 7th. Stifel Nicolaus boosted their price target on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a buy rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $2,720.59.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $2,957.60 on Thursday. Chipotle Mexican Grill has a one year low of $1,706.14 and a one year high of $3,023.98. The company’s fifty day moving average price is $2,749.70 and its 200-day moving average price is $2,355.75. The company has a market capitalization of $81.10 billion, a PE ratio of 66.69, a price-to-earnings-growth ratio of 2.53 and a beta of 1.28.

Shares of Chipotle Mexican Grill are going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate of $9.73 by $0.63. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the firm earned $8.29 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, research analysts predict that Chipotle Mexican Grill will post 53.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the sale, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The disclosure for this sale can be found here. Insiders sold a total of 6,793 shares of company stock valued at $18,321,152 over the last three months. 0.96% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently modified their holdings of CMG. Panagora Asset Management Inc. lifted its position in shares of Chipotle Mexican Grill by 79.5% during the first quarter. Panagora Asset Management Inc. now owns 948 shares of the restaurant operator’s stock valued at $1,500,000 after buying an additional 420 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Chipotle Mexican Grill by 15.5% during the first quarter. Cibc World Market Inc. now owns 171 shares of the restaurant operator’s stock valued at $271,000 after buying an additional 23 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Chipotle Mexican Grill by 7.3% during the first quarter. Canada Pension Plan Investment Board now owns 3,032 shares of the restaurant operator’s stock valued at $4,796,000 after buying an additional 205 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Chipotle Mexican Grill by 6.1% during the first quarter. Cetera Investment Advisers now owns 777 shares of the restaurant operator’s stock valued at $1,229,000 after buying an additional 45 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 38.9% during the first quarter. Sequoia Financial Advisors LLC now owns 218 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 61 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.