Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 0% After Analyst Upgrade

Chipotle Mexican Grill, Inc. (NYSE:CMG) was up 0% during trading on Friday after Robert W. Baird raised their price target on the stock from $70.00 to $74.00. Robert W. Baird currently has an outperform rating on the stock. Chipotle Mexican Grill traded as high as $63.77 and last traded at $62.42. Approximately 6,401,525 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 13,246,146 shares. The stock had previously closed at $62.41.

Other research analysts have also recently issued reports about the stock. Piper Sandler boosted their price target on shares of Chipotle Mexican Grill from $48.84 to $61.40 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Argus upped their target price on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. UBS Group lifted their price target on Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Raymond James restated an “outperform” rating and issued a $66.80 price objective (up previously from $66.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. Finally, Stephens lifted their target price on Chipotle Mexican Grill from $60.20 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $64.29.

Insider Activity

In other news, insider Roger E. Theodoredis sold 125,450 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.29, for a total value of $7,939,579.96. Following the transaction, the insider now owns 54,250 shares of the company’s stock, valued at $3,433,417.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now directly owns 1,362,500 shares in the company, valued at $86,273,772.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Roger E. Theodoredis sold 125,450 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the transaction, the insider now directly owns 54,250 shares in the company, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently made changes to their positions in the stock. Steph & Co. bought a new position in Chipotle Mexican Grill during the first quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $32,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $37,000. ICA Group Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $37,000. Finally, Semmax Financial Advisors Inc. lifted its stake in Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

The firm’s 50 day simple moving average is $127.58 and its two-hundred day simple moving average is $77.98. The firm has a market capitalization of $85.39 billion, a P/E ratio of 66.60, a P/E/G ratio of 2.62 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates 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, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.