Barclays Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,865.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective lifted by analysts at Barclays from $2,400.00 to $2,865.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price points to a potential downside of 8.66% from the company’s previous close.

A number of other analysts also recently commented on the stock. UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a report on Thursday. KeyCorp boosted their price objective on shares of Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an “overweight” rating in a report on Thursday. Wedbush boosted their price objective on shares of Chipotle Mexican Grill from $2,850.00 to $3,200.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the company a “neutral” rating in a report on Thursday. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,057.29.

Chipotle Mexican Grill Trading Up 7.2 %

Shares of NYSE:CMG traded up $209.78 during midday trading on Thursday, hitting $3,136.54. The stock had a trading volume of 448,944 shares, compared to its average volume of 238,141. The company has a market capitalization of $86.00 billion, a PE ratio of 70.72, a P/E/G ratio of 2.47 and a beta of 1.28. The stock has a 50 day moving average price of $2,801.11 and a two-hundred day moving average price of $2,411.76. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,136.54.

Shares of Chipotle Mexican Grill are going to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be issued 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 for the quarter, beating the consensus estimate of $11.63 by $1.74. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. As a group, equities analysts expect that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insider Buying and Selling

In related news, CEO Brian R. Niccol sold 1,996 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the sale, the director now owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,793 shares of company stock valued at $18,321,152. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several large investors have recently made changes to their positions in CMG. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth $29,000. Fortitude Family Office LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $32,000. Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $37,000. ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.