Chipotle Mexican Grill (NYSE:CMG) Given New $3,050.00 Price Target at Stephens

Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by Stephens from $3,010.00 to $3,050.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

CMG has been the topic of a number of other reports. Morgan Stanley raised their target price 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. Sanford C. Bernstein lifted their price objective on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an outperform rating in a report on Tuesday, March 26th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Argus raised their target price on shares of Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a buy rating in a research report on Thursday, April 4th. Finally, TD Cowen reaffirmed a buy rating and issued a $2,900.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, April 10th. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $3,057.68.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $3,116.02 on Thursday. The company has a market cap of $85.60 billion, a P/E ratio of 66.50, a P/E/G ratio of 2.48 and a beta of 1.28. The business’s 50 day moving average price is $2,811.11 and its 200-day moving average price is $2,416.65. Chipotle Mexican Grill has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,145.69.

Shares of Chipotle Mexican Grill are set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be payable to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released 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 firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a return on equity of 45.46% and a net margin of 12.70%. As a group, equities analysts predict that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the business’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 sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the transaction, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following 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. Insiders sold 6,793 shares of company stock valued at $18,321,152 in the last three months. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. IFP Advisors Inc increased its holdings in Chipotle Mexican Grill by 13.6% in the 3rd quarter. IFP Advisors Inc now owns 134 shares of the restaurant operator’s stock worth $245,000 after buying an additional 16 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $203,000. DAVENPORT & Co LLC lifted its position in 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 purchasing an additional 25 shares during the period. Meridian Wealth Management LLC boosted its holdings in Chipotle Mexican Grill by 291.2% in the third quarter. Meridian Wealth Management LLC now owns 442 shares of the restaurant operator’s stock valued at $810,000 after purchasing an additional 329 shares during the last quarter. Finally, Caprock Group LLC grew its position in Chipotle Mexican Grill by 4.0% during the 3rd quarter. Caprock Group LLC now owns 208 shares of the restaurant operator’s stock worth $381,000 after purchasing an additional 8 shares during the period. 91.31% of the stock is currently owned by hedge funds and other 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.