UBS Group Raises Chipotle Mexican Grill (NYSE:CMG) Price Target to $3,500.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective lifted by UBS Group from $3,400.00 to $3,500.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

CMG has been the topic of several other research reports. BMO Capital Markets upped 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. Wells Fargo & Company upped their price objective on shares of Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the stock an overweight rating in a research note on Thursday. KeyCorp lifted their target price on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company an overweight rating in a research note on Tuesday, April 9th. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Finally, Stephens lifted their price objective on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an equal weight rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned 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 $3,137.12.

Chipotle Mexican Grill Stock Up 2.4 %

NYSE:CMG opened at $3,186.97 on Thursday. The firm has a 50-day moving average price of $2,822.95 and a 200 day moving average price of $2,430.22. The firm has a market capitalization of $87.55 billion, a PE ratio of 68.01, a price-to-earnings-growth ratio of 2.67 and a beta of 1.28. Chipotle Mexican Grill has a 12-month low of $1,768.64 and a 12-month high of $3,199.99.

Shares of Chipotle Mexican Grill are going to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be payable to shareholders after the closing bell 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, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts expect that Chipotle Mexican Grill will post 55.08 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, the director now owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction that occurred 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 owns 8,563 shares in the company, valued at $25,071,093.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Albert S. Baldocchi sold 750 shares of the company’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 sale, 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 a total of 6,793 shares of company stock valued at $18,321,152 over the last three months. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

A number of large investors have recently made changes to their positions in CMG. Steph & Co. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $29,000. Fortitude Family Office LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $32,000. Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $37,000. ICA Group Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth $38,000. 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.