Chipotle Mexican Grill (NYSE:CMG) PT Raised to $56.00 at BMO Capital Markets

Chipotle Mexican Grill (NYSE:CMG) had its price objective upped by research analysts at BMO Capital Markets from $55.00 to $56.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price indicates a potential downside of 0.44% from the stock’s current price.

CMG has been the subject of a number of other research reports. Raymond James decreased their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Barclays decreased their target price on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. The Goldman Sachs Group reduced their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. TD Cowen reaffirmed a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Finally, KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.36.

Chipotle Mexican Grill Trading Down 7.0 %

CMG stock traded down $4.24 on Wednesday, hitting $56.25. The company’s stock had a trading volume of 6,143,526 shares, compared to its average volume of 13,895,124. The firm has a 50 day moving average of $57.10 and a two-hundred day moving average of $81.50. Chipotle Mexican Grill has a 1 year low of $38.01 and a 1 year high of $69.26. The stock has a market cap of $77.03 billion, a price-to-earnings ratio of 55.14, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business earned $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock worth $2,817,127 over the last 90 days. 1.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valley National Advisers Inc. grew its position in Chipotle Mexican Grill by 9.8% during the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after acquiring an additional 4 shares during the last quarter. Scott & Selber Inc. boosted its position in Chipotle Mexican Grill by 0.6% during the 1st quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock worth $2,093,000 after acquiring an additional 4 shares during the last quarter. Quent Capital LLC increased its position in shares of Chipotle Mexican Grill by 2.0% in the first quarter. Quent Capital LLC now owns 206 shares of the restaurant operator’s stock valued at $599,000 after acquiring an additional 4 shares during the last quarter. First National Bank of Hutchinson raised its holdings in shares of Chipotle Mexican Grill by 1.1% in the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after purchasing an additional 4 shares during the period. Finally, Pacific Center for Financial Services boosted its stake in Chipotle Mexican Grill by 8.0% in the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after purchasing an additional 4 shares during the period. 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.