Chipotle Mexican Grill (NYSE:CMG) PT Raised to $2,865.00 at Barclays

Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by analysts at Barclays from $2,400.00 to $2,865.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price would indicate a potential downside of 10.17% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price objective on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Sanford C. Bernstein boosted their target price on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Wedbush boosted their target price on shares of Chipotle Mexican Grill from $2,850.00 to $3,200.00 and gave the stock a “neutral” rating in a research report on Thursday. Stephens boosted their target price on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Truist Financial boosted 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 research report on Wednesday, February 7th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $3,137.12.

Chipotle Mexican Grill Trading Up 2.5 %

Shares of NYSE:CMG opened at $3,189.40 on Thursday. The stock has a market capitalization of $87.61 billion, a PE ratio of 68.06, a P/E/G ratio of 2.60 and a beta of 1.28. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,199.99. The firm has a fifty day moving average price of $2,822.95 and a 200 day moving average price of $2,426.07.

Chipotle Mexican Grill’s stock is going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. On average, sell-side analysts forecast that Chipotle Mexican Grill will post 54.07 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction dated 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 owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the company’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 of the company’s stock, valued at $4,009,420.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the sale, the insider now directly owns 8,563 shares in the company, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,793 shares of company stock valued at $18,321,152 over the last quarter. 0.96% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after purchasing an additional 23,151 shares during the last quarter. Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after purchasing an additional 8,541 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Chipotle Mexican Grill by 1.5% during the third quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock valued at $934,147,000 after purchasing an additional 7,677 shares during the last quarter. FMR LLC lifted its holdings in Chipotle Mexican Grill by 5.9% in the third quarter. FMR LLC now owns 449,942 shares of the restaurant operator’s stock valued at $824,217,000 after buying an additional 24,991 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Chipotle Mexican Grill by 3.5% in the third quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock valued at $732,552,000 after buying an additional 13,482 shares during the period. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

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.