Chipotle Mexican Grill (NYSE:CMG) PT Raised 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 note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities analysts also recently issued reports on the company. KeyCorp increased their price target on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock an overweight rating in a research report on Tuesday, April 9th. Raymond James raised their target price 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. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an outperform rating in a research report on Thursday. Stephens lifted their price objective on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an equal weight rating in a report on Thursday. Finally, BTIG Research upped their target price on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock a buy rating in a report on Thursday, March 28th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $3,137.12.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $3,186.97 on Thursday. The stock has a 50 day moving average price of $2,822.95 and a 200 day moving average price of $2,434.49. The firm has a market capitalization of $87.55 billion, a P/E ratio of 68.01, a P/E/G ratio of 2.67 and a beta of 1.28. Chipotle Mexican Grill has a 52-week low of $1,768.64 and a 52-week high of $3,199.99.

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

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, beating the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, sell-side analysts forecast that Chipotle Mexican Grill will post 55.08 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the firm’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 directly owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction 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 in the company, valued at $97,221,776.21. The disclosure for this sale can be found here. Insiders have sold a total of 4,797 shares of company stock valued at $13,530,931 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently modified their holdings of CMG. Northwest Bancshares Inc. purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $331,000. SlateStone Wealth LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $265,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $230,000. Emerald Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $872,000. Finally, Meridian Wealth Management LLC boosted its holdings in Chipotle Mexican Grill by 4.0% during the first quarter. Meridian Wealth Management LLC now owns 234 shares of the restaurant operator’s stock worth $680,000 after buying an additional 9 shares in the last quarter. 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.