Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $72.00

Chipotle Mexican Grill (NYSE:CMG) had its target price upped by Truist Financial from $71.00 to $72.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other research firms also recently commented on CMG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Wedbush reissued an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Evercore ISI increased their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Loop Capital lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Stock Up 5.1 %

NYSE CMG opened at $58.59 on Wednesday. The firm has a market cap of $80.24 billion, a PE ratio of 54.53, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company has a 50 day moving average price of $57.28 and a 200 day moving average price of $81.14. Chipotle Mexican Grill has a 52 week low of $39.92 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts anticipate that Chipotle Mexican Grill will post 1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors have recently bought and sold shares of CMG. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $25,000. Riverview Trust Co increased its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. Archer Investment Corp acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

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.