Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $54.00

by · The Cerbat Gem

Chipotle Mexican Grill (NYSE:CMG – Free Report) had its target price hoisted by Barclays from $52.00 to $54.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

A number of other research analysts have also recently weighed in on the stock. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a “neutral” rating and a $55.00 price target on the stock. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reduced their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Finally, KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $60.71.

Read Our Latest Research Report on CMG

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $55.04 on Thursday. Chipotle Mexican Grill has a 1 year low of $44.46 and a 1 year high of $66.74. The firm has a 50 day moving average price of $51.23 and a 200 day moving average price of $53.58. The company has a market cap of $74.15 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 2.73 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $13.37 earnings per share. Chipotle Mexican Grill’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider now owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently added to or reduced their stakes in CMG. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at $692,701,000. Nuveen LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

(Get Free Report)

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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