Barclays Forecasts Strong Price Appreciation for Chipotle Mexican Grill (NYSE:CMG) Stock

Chipotle Mexican Grill (NYSE:CMG) had its price objective hoisted by Barclays from $60.00 to $63.00 in a research report released on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the stock. Oppenheimer lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday. Piper Sandler boosted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Citigroup cut their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Raymond James boosted their target price on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Trading Down 1.4 %

NYSE CMG opened at $57.97 on Tuesday. The business’s 50-day moving average price is $60.90 and its 200 day moving average price is $80.83. Chipotle Mexican Grill has a twelve month low of $44.08 and a twelve month high of $69.26. The company has a market capitalization of $78.99 billion, a PE ratio of 53.96, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 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 the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on 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 in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently added to or reduced their stakes in the business. Kozak & Associates Inc. boosted its holdings in shares of Chipotle Mexican Grill by 11.5% in the 4th quarter. Kozak & Associates Inc. now owns 6,912 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 712 shares during the period. Boltwood Capital Management lifted its holdings in Chipotle Mexican Grill by 8.8% in the fourth quarter. Boltwood Capital Management now owns 13,025 shares of the restaurant operator’s stock worth $785,000 after acquiring an additional 1,050 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Chipotle Mexican Grill by 50.0% in the fourth quarter. CWA Asset Management Group LLC now owns 18,734 shares of the restaurant operator’s stock valued at $1,130,000 after acquiring an additional 6,248 shares during the period. Modus Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 267.5% during the fourth quarter. Modus Advisors LLC now owns 39,562 shares of the restaurant operator’s stock valued at $2,386,000 after purchasing an additional 28,797 shares during the last quarter. Finally, NRI Wealth Management LC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $2,702,000. Institutional investors own 91.31% of the company’s stock.

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.