Chipotle Mexican Grill (NYSE:CMG) had its price target raised by Truist Securities from $1,700.00 to $1,750.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.
A number of other analysts have also recently weighed in on CMG. BTIG Research raised their price target on shares of Chipotle Mexican Grill from $1,450.00 to $1,600.00 and gave the company a buy rating in a report on Friday, January 8th. Royal Bank of Canada upgraded shares of Chipotle Mexican Grill from a sector perform rating to an outperform rating and raised their price target for the company from $1,320.00 to $1,650.00 in a report on Thursday, January 14th. BMO Capital Markets restated a market perform rating and issued a $1,415.00 price target (up from $1,200.00) on shares of Chipotle Mexican Grill in a report on Wednesday, February 3rd. Piper Sandler restated an overweight rating and issued a $2,000.00 price target (up from $1,835.00) on shares of Chipotle Mexican Grill in a report on Monday, February 1st. Finally, Truist Securiti raised their price target on shares of Chipotle Mexican Grill from $1,700.00 to $1,750.00 in a report on Tuesday, April 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $1,543.68.
Shares of Chipotle Mexican Grill stock opened at $1,537.74 on Tuesday. Chipotle Mexican Grill has a 1 year low of $752.23 and a 1 year high of $1,579.52. The firm’s 50-day moving average is $1,441.60 and its two-hundred day moving average is $1,380.78. The stock has a market cap of $43.34 billion, a price-to-earnings ratio of 183.94, a PEG ratio of 3.21 and a beta of 1.31.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Monday, February 1st. The restaurant operator reported $3.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.73 by ($0.25). Chipotle Mexican Grill had a return on equity of 16.70% and a net margin of 4.08%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company earned $2.86 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. Research analysts predict that Chipotle Mexican Grill will post 10.96 earnings per share for the current year.
In other news, insider Laurie Schalow sold 600 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $1,555.05, for a total transaction of $933,030.00. Following the completion of the transaction, the insider now directly owns 6,857 shares of the company’s stock, valued at approximately $10,662,977.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Neil Flanzraich bought 230 shares of the business’s stock in a transaction dated Wednesday, March 17th. The shares were purchased at an average cost of $1,478.60 per share, with a total value of $340,078.00. Following the completion of the acquisition, the director now owns 379 shares in the company, valued at $560,389.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 17,572 shares of company stock valued at $25,493,143. Insiders own 1.00% of the company’s stock.
Several large investors have recently bought and sold shares of CMG. Arrowstreet Capital Limited Partnership purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $1,244,000. AQR Capital Management LLC boosted its stake in Chipotle Mexican Grill by 9.5% during the 3rd quarter. AQR Capital Management LLC now owns 8,206 shares of the restaurant operator’s stock worth $10,206,000 after purchasing an additional 714 shares during the last quarter. Captrust Financial Advisors boosted its stake in Chipotle Mexican Grill by 32.7% during the 3rd quarter. Captrust Financial Advisors now owns 276 shares of the restaurant operator’s stock worth $342,000 after purchasing an additional 68 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Chipotle Mexican Grill by 5.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 15,284 shares of the restaurant operator’s stock worth $18,976,000 after purchasing an additional 721 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $4,952,000. 90.03% of the stock is owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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