Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $3,369.00

Chipotle Mexican Grill (NYSE:CMG) had its price target boosted by Citigroup from $3,358.00 to $3,369.00 in a research report released on Thursday morning, Benzinga reports. Citigroup currently has a buy rating on the restaurant operator’s stock.

A number of other research firms have also weighed in on CMG. Deutsche Bank Aktiengesellschaft increased their price target on Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the company a buy rating in a research report on Thursday. BTIG Research raised their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the stock a buy rating in a report on Thursday. UBS Group boosted their price target on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a buy rating in a report on Thursday. TD Cowen upped their price target on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a buy rating in a research report on Thursday. Finally, Wedbush lifted 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 research report on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of Moderate Buy and a consensus price target of $3,137.12.

Chipotle Mexican Grill Price Performance

CMG stock opened at $3,186.97 on Thursday. The firm has a market cap of $87.55 billion, a PE ratio of 68.01, a P/E/G ratio of 2.67 and a beta of 1.28. Chipotle Mexican Grill has a 12 month low of $1,768.64 and a 12 month high of $3,199.99. The firm has a 50 day simple moving average of $2,822.95 and a 200 day simple moving average of $2,430.22.

Chipotle Mexican Grill shares are going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be payable 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 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 55.08 earnings per share 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 value 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 $53,870,779.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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