Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,050.00 at Stephens

Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by analysts at Stephens from $3,010.00 to $3,050.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ target price would indicate a potential downside of 4.37% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Wedbush boosted their target price on shares of Chipotle Mexican Grill from $2,850.00 to $3,200.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group boosted their target price on shares of Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Raymond James upped their price objective on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $3,137.12.

Chipotle Mexican Grill Stock Up 2.5 %

CMG stock opened at $3,189.40 on Thursday. Chipotle Mexican Grill has a twelve month low of $1,768.64 and a twelve month high of $3,199.99. The stock has a market capitalization of $87.60 billion, a price-to-earnings ratio of 68.06, a price-to-earnings-growth ratio of 2.48 and a beta of 1.28. The firm’s fifty day simple moving average is $2,822.95 and its two-hundred day simple moving average is $2,426.07.

Shares of Chipotle Mexican Grill are scheduled to split 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 market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 45.46%. As a group, equities research analysts expect that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the sale, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Brian R. Niccol sold 1,996 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares in the company, valued at $53,870,779.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds have recently modified their holdings of CMG. IFP Advisors Inc increased its holdings in shares of Chipotle Mexican Grill by 13.6% during the third quarter. IFP Advisors Inc now owns 134 shares of the restaurant operator’s stock valued at $245,000 after acquiring an additional 16 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at about $203,000. DAVENPORT & Co LLC increased its holdings in shares of Chipotle Mexican Grill by 9.4% during the third quarter. DAVENPORT & Co LLC now owns 291 shares of the restaurant operator’s stock valued at $533,000 after acquiring an additional 25 shares in the last quarter. Meridian Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 291.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 442 shares of the restaurant operator’s stock worth $810,000 after buying an additional 329 shares during the period. Finally, Caprock Group LLC increased its holdings in Chipotle Mexican Grill by 4.0% in the 3rd quarter. Caprock Group LLC now owns 208 shares of the restaurant operator’s stock worth $381,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds 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.