Chipotle Mexican Grill’s (CMG) Outperform Rating Reaffirmed at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note published on Thursday, MarketBeat reports. Oppenheimer currently has a $3,300.00 price objective on the restaurant operator’s stock, up from their prior price objective of $2,825.00.

A number of other brokerages have also recently issued reports on CMG. Barclays upped their price objective on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft upped their price target on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. TD Cowen raised their price objective on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a buy rating in a research note on Thursday. UBS Group boosted their target price on Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the stock a buy rating in a report on Thursday, April 11th. Finally, BMO Capital Markets increased their price target on Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a market perform rating in a report on Wednesday, February 7th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of Moderate Buy and an average price target of $3,137.12.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $3,186.97 on Thursday. Chipotle Mexican Grill has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,199.99. The stock’s 50-day moving average is $2,822.95 and its two-hundred day moving average is $2,430.22. The firm has a market cap of $87.55 billion, a P/E ratio of 68.01, a PEG ratio of 2.67 and a beta of 1.28.

Chipotle Mexican Grill shares are scheduled to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the market closes 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 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 analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. As a group, research analysts expect that Chipotle Mexican Grill will post 55.08 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, 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 value of $1,956,382.50. Following the completion of the transaction, the director now directly owns 37,271 shares in the company, valued at $97,221,776.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 1,529 shares of the company’s stock, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Steph & Co. acquired a new position in Chipotle Mexican Grill during the first quarter worth $29,000. Fortitude Family Office LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $37,000. ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $37,000. Finally, Keener Financial Planning LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $43,000. Institutional investors own 91.31% of the company’s stock.

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.