Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $1,460.00 at JPMorgan Chase & Co.


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Chipotle Mexican Grill (NYSE:CMG) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $1,350.00 to $1,460.00 in a note issued to investors on Monday, The Fly reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 5.06% from the stock’s current price. The analysts noted that the move was a valuation call.

Other equities analysts also recently issued reports about the stock. KeyCorp boosted their target price on shares of Chipotle Mexican Grill from $1,475.00 to $1,625.00 and gave the stock an “overweight” rating in a report on Friday, January 29th. BTIG Research boosted their target price on shares of Chipotle Mexican Grill from $1,450.00 to $1,600.00 and gave the stock a “buy” rating in a report on Friday, January 8th. Truist Securities boosted their target price on shares of Chipotle Mexican Grill from $1,700.00 to $1,750.00 and gave the stock a “buy” rating in a report on Tuesday, April 6th. Royal Bank of Canada upgraded shares of Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $1,320.00 to $1,650.00 in a report on Thursday, January 14th. Finally, Wedbush boosted their target price on shares of Chipotle Mexican Grill from $1,600.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1,543.68.

CMG stock opened at $1,537.74 on Monday. The business has a 50-day moving average price of $1,441.60 and a 200 day moving average price of $1,380.78. The company has a market capitalization of $43.34 billion, a P/E ratio of 183.94, a PEG ratio of 3.21 and a beta of 1.31. Chipotle Mexican Grill has a 1-year low of $752.23 and a 1-year high of $1,579.52.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Monday, February 1st. The restaurant operator reported $3.48 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.25). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.60 billion. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 16.70%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.86 earnings per share. On average, analysts predict that Chipotle Mexican Grill will post 10.96 EPS for the current year.

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $1,555.05, for a total value of $933,030.00. Following the sale, the insider now owns 6,857 shares in the company, valued at approximately $10,662,977.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Curtis E. Garner sold 5,062 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $1,508.40, for a total value of $7,635,520.80. Following the completion of the sale, the chief technology officer now owns 21,065 shares in the company, valued at approximately $31,774,446. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,572 shares of company stock worth $25,493,143. 1.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Black Swift Group LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $28,000. Alpha DNA Investment Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $27,000. Avion Wealth purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $35,000. Childress Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $40,000. Finally, Safeguard Investment Advisory Group LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $41,000. 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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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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