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

Chipotle Mexican Grill (NYSE:CMG) had its price target upped by Raymond James from $66.00 to $72.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

Several other brokerages have also weighed in on CMG. Stephens reaffirmed an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Evercore ISI raised their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wedbush reissued an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Royal Bank of Canada started coverage on shares of Chipotle Mexican Grill in a report on Friday, November 15th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, TD Cowen upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $66.55.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $61.34 on Monday. The firm has a 50 day simple moving average of $60.56 and a 200 day simple moving average of $81.08. Chipotle Mexican Grill has a 52 week low of $44.08 and a 52 week high of $69.26. The stock has a market cap of $83.58 billion, a P/E ratio of 57.09, a P/E/G ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were 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 of the company’s stock, valued at $26,115,436.20. The trade was a 3.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several large investors have recently modified their holdings of the stock. RiverPark Advisors LLC boosted its stake in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares in the last quarter. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $27,000. Finally, MCF Advisors LLC increased its position in shares of Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 442 shares in 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.