Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $72.00

Chipotle Mexican Grill (NYSE:CMG) had its target price trimmed by TD Cowen from $3,600.00 to $72.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

CMG has been the topic of a number of other reports. UBS Group increased their price target on Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Morgan Stanley increased their target price on Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an equal weight rating in a report on Thursday, April 25th. Oppenheimer lifted their price target on Chipotle Mexican Grill from $66.00 to $69.70 and gave the company an outperform rating in a report on Wednesday, May 22nd. The Goldman Sachs Group started coverage on shares of Chipotle Mexican Grill in a report on Thursday, June 13th. They set a buy rating and a $74.60 price objective on the stock. Finally, Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $64.29.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $62.65 on Wednesday. The company’s fifty day moving average is $127.77 and its 200-day moving average is $78.21. Chipotle Mexican Grill has a 52 week low of $35.37 and a 52 week high of $69.26. The company has a market capitalization of $86.04 billion, a PE ratio of 66.85, a P/E/G ratio of 2.49 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. On average, analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Activity

In other news, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, the director now directly owns 1,362,500 shares of the company’s stock, valued at $86,273,772.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the transaction, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert S. Baldocchi sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the sale, the director now directly owns 1,362,500 shares in the company, valued at $86,273,772.50. The disclosure for this sale can be found here. Insiders sold a total of 550,750 shares of company stock valued at $35,023,769 in the last ninety days. 1.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMG. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $37,000. ICA Group Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $37,000. Finally, Semmax Financial Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 225.0% during the 1st 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 currently 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.