Chipotle Mexican Grill (NYSE:CMG) Trading Up 0.2% Following Analyst Upgrade

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price rose 0.2% during mid-day trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $2,350.00 to $2,700.00. Jefferies Financial Group currently has a hold rating on the stock. Chipotle Mexican Grill traded as high as $2,946.86 and last traded at $2,942.33. Approximately 160,565 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 273,978 shares. The stock had previously closed at $2,936.63.

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley increased their target price on shares of Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Raymond James increased their price target on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Oppenheimer increased their price target on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Piper Sandler increased their price target on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,719.86.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,793 shares of company stock worth $18,321,152 in the last quarter. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently made changes to their positions in CMG. Norges Bank purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth $805,529,000. International Assets Investment Management LLC increased its stake in Chipotle Mexican Grill by 220,249.6% during the 4th quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock worth $6,903,850,000 after buying an additional 301,742 shares during the period. Moneta Group Investment Advisors LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth $248,604,000. Morgan Stanley increased its stake in Chipotle Mexican Grill by 65.8% during the 4th quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock worth $521,332,000 after buying an additional 149,115 shares during the period. Finally, Wellington Management Group LLP increased its stake in Chipotle Mexican Grill by 41.6% during the 3rd quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock worth $727,570,000 after buying an additional 116,723 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.2 %

The stock has a market cap of $80.68 billion, a PE ratio of 66.34, a P/E/G ratio of 2.51 and a beta of 1.28. The company’s 50 day moving average is $2,768.10 and its 200-day moving average is $2,371.30.

Shares of Chipotle Mexican Grill are set to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created 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 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.63. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.29 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 53.38 EPS for the current year.

Chipotle Mexican Grill Company Profile

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.