Citigroup Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $3,369.00

Chipotle Mexican Grill (NYSE:CMG) had its price target upped by analysts at Citigroup from $3,358.00 to $3,369.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 5.63% from the company’s current price.

CMG has been the subject of several other research reports. KeyCorp lifted their price objective on shares of Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the company an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group lifted their price objective 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. BTIG Research lifted their price objective on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3,137.12.

Chipotle Mexican Grill Stock Up 2.5 %

Shares of NYSE:CMG opened at $3,189.40 on Thursday. The firm has a fifty day moving average of $2,822.95 and a two-hundred day moving average of $2,426.07. The firm has a market capitalization of $87.60 billion, a P/E ratio of 68.06, a price-to-earnings-growth ratio of 2.48 and a beta of 1.28. Chipotle Mexican Grill has a 12-month low of $1,768.64 and a 12-month high of $3,199.99.

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. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 45.46%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts expect that Chipotle Mexican Grill will post 53.49 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the transaction, the insider now directly owns 1,529 shares in the company, valued at $4,009,420.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction that occurred on 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 directly owns 1,529 shares in the company, valued at $4,009,420.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the transaction, the director now owns 37,271 shares in the company, valued at $97,221,776.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,793 shares of company stock worth $18,321,152. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently modified their holdings of CMG. Steph & Co. acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $32,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. ICA Group Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $38,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.