Chipotle Mexican Grill (NYSE:CMG) Rating Reiterated by Raymond James

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “outperform” rating restated by Raymond James in a research note issued to investors on Thursday, Benzinga reports. They currently have a $3,340.00 target price on the restaurant operator’s stock, up from their prior target price of $3,300.00. Raymond James’ price target points to a potential upside of 8.22% from the stock’s current price.

Several other equities analysts have also commented on CMG. KeyCorp upped their price target on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Wells Fargo & Company increased 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 research report on Thursday. BTIG Research increased their price objective on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Morgan Stanley raised their price target on shares of Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,946.61.

Chipotle Mexican Grill Stock Performance

CMG stock traded up $159.50 during trading on Thursday, reaching $3,086.26. 332,010 shares of the company were exchanged, compared to its average volume of 236,753. The company has a market cap of $84.63 billion, a P/E ratio of 68.83, a PEG ratio of 2.47 and a beta of 1.28. Chipotle Mexican Grill has a 52-week low of $1,768.64 and a 52-week high of $3,091.50. The stock’s 50 day moving average price is $2,801.11 and its 200 day moving average price is $2,411.76.

Chipotle Mexican Grill shares are going to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) 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 research analysts forecast that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insiders Place Their Bets

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 transaction of $2,354,780.50. Following the sale, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was 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 owns 1,529 shares in the company, valued at $4,009,420.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,793 shares of company stock worth $18,321,152. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. ICA Group Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. Finally, Keener Financial Planning LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $43,000. 91.31% of the stock is currently owned by institutional investors.

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.