Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its price objective hoisted by Barclays from $52.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective would suggest a potential downside of 1.88% from the company’s current price.
A number of other research analysts also recently commented on the stock. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Argus downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Citigroup lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.71.
Chipotle Mexican Grill Stock Up 1.4%
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $13.37 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.
Insider Activity
In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider now directly owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.81% of the company’s stock.
Hedge Funds Weigh In On Chipotle Mexican Grill
Institutional investors have recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $25,000. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Finally, HighMark Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 371 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.
About Chipotle Mexican Grill
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.
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