Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,050.00

Chipotle Mexican Grill (NYSE:CMG) had its price target increased by stock analysts at Stephens from $3,010.00 to $3,050.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target suggests a potential upside of 4.33% from the stock’s previous close.

A number of other research firms also recently commented on CMG. Stifel Nicolaus increased their price objective on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. TD Cowen reissued a “buy” rating and set a $2,900.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, April 10th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, KeyCorp increased their target price on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,852.54.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $2,923.32 on Thursday. Chipotle Mexican Grill has a 12 month low of $1,768.64 and a 12 month high of $3,023.98. The company has a market capitalization of $80.16 billion, a price-to-earnings ratio of 65.91, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28. The company’s fifty day moving average price is $2,801.11 and its two-hundred day moving average price is $2,411.76.

Chipotle Mexican Grill’s stock is scheduled 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 market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. As a group, analysts anticipate that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the transaction, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the transaction, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Albert S. Baldocchi sold 750 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the transaction, the director now owns 37,271 shares of the company’s stock, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,793 shares of company stock worth $18,321,152. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Argus Investors Counsel Inc. boosted its holdings in shares of Chipotle Mexican Grill by 9.9% in the first quarter. Argus Investors Counsel Inc. now owns 111 shares of the restaurant operator’s stock worth $323,000 after buying an additional 10 shares during the period. Summit Financial LLC boosted its holdings in shares of Chipotle Mexican Grill by 28.6% in the first quarter. Summit Financial LLC now owns 29,171 shares of the restaurant operator’s stock worth $84,792,000 after buying an additional 6,495 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Chipotle Mexican Grill by 15.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,734 shares of the restaurant operator’s stock worth $13,761,000 after buying an additional 646 shares during the period. Private Trust Co. NA boosted its holdings in shares of Chipotle Mexican Grill by 46.4% in the first quarter. Private Trust Co. NA now owns 284 shares of the restaurant operator’s stock worth $826,000 after buying an additional 90 shares during the period. Finally, Oxler Private Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth approximately $1,962,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.