Citigroup Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $3,369.00

Chipotle Mexican Grill (NYSE:CMG) had its target price hoisted by Citigroup from $3,358.00 to $3,369.00 in a research note issued to investors on Thursday, Benzinga reports. Citigroup currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also issued reports on the stock. Barclays lifted their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the company an equal weight rating in a research report on Thursday. KeyCorp lifted their price target on Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an overweight rating in a research note on Thursday. Evercore ISI raised their price objective on Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an outperform rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the stock a buy rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the company a neutral rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $3,137.12.

Chipotle Mexican Grill Trading Up 2.4 %

Chipotle Mexican Grill stock opened at $3,186.97 on Thursday. The firm has a market cap of $87.55 billion, a PE ratio of 68.01, a P/E/G ratio of 2.67 and a beta of 1.28. The stock’s 50 day simple moving average is $2,822.95 and its two-hundred day simple moving average is $2,430.22. Chipotle Mexican Grill has a 12 month low of $1,768.64 and a 12 month high of $3,199.99.

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

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. On average, equities research analysts forecast that Chipotle Mexican Grill will post 55.08 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at $53,870,779.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $53,870,779.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,793 shares of company stock valued at $18,321,152. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $805,529,000. International Assets Investment Management LLC boosted its position in Chipotle Mexican Grill by 220,249.6% during the fourth quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock worth $6,903,850,000 after acquiring an additional 301,742 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chipotle Mexican Grill by 41.6% during the third quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock worth $727,570,000 after purchasing an additional 116,723 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $167,256,000. Finally, 1832 Asset Management L.P. acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $100,535,000. Hedge funds and other institutional investors 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.