Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,350.00 at BTIG Research

Chipotle Mexican Grill (NYSE:CMG) had its price target increased by BTIG Research from $3,250.00 to $3,350.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other research firms have also weighed in on CMG. Truist Financial upped 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 research note on Wednesday, February 7th. KeyCorp upped their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an overweight rating in a research note on Thursday. Stifel Nicolaus upped their target price on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a buy rating in a research note on Thursday, April 11th. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a market perform rating in a research note on Thursday. Finally, Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the company a hold rating in a report on Tuesday, April 16th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of Moderate Buy and a consensus price target of $3,057.68.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded up $71.82 on Thursday, hitting $3,183.79. 228,919 shares of the stock traded hands, compared to its average volume of 241,128. The firm’s 50-day moving average price is $2,811.11 and its two-hundred day moving average price is $2,416.65. The stock has a market capitalization of $87.46 billion, a PE ratio of 67.09, a PEG ratio of 2.48 and a beta of 1.28. Chipotle Mexican Grill has a twelve month low of $1,768.64 and a twelve month high of $3,199.99.

Chipotle Mexican Grill shares 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 issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results 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 12.70% and a return on equity of 45.46%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities research analysts anticipate that Chipotle Mexican Grill will post 53.49 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, 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 value of $1,956,382.50. Following the completion of the sale, the director now owns 37,271 shares in the company, valued at $97,221,776.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Albert S. Baldocchi sold 750 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly 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. Insiders sold 6,793 shares of company stock worth $18,321,152 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors have recently modified their holdings of the company. Northern Trust Corp grew its holdings in Chipotle Mexican Grill by 5.0% in the third quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator’s stock valued at $518,780,000 after purchasing an additional 13,513 shares during the period. Covestor Ltd grew its holdings in Chipotle Mexican Grill by 9.2% in the third quarter. Covestor Ltd now owns 95 shares of the restaurant operator’s stock valued at $174,000 after purchasing an additional 8 shares during the period. NewEdge Wealth LLC purchased a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $205,000. Laidlaw Wealth Management LLC grew its stake in Chipotle Mexican Grill by 69.8% during the third quarter. Laidlaw Wealth Management LLC now owns 270 shares of the restaurant operator’s stock worth $495,000 after buying an additional 111 shares during the period. Finally, Clearstead Advisors LLC grew its stake in Chipotle Mexican Grill by 0.7% during the third quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator’s stock worth $1,416,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.