Chipotle Mexican Grill, Inc. (NYSE:CMG) shares saw unusually-strong trading volume on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $1,495.00 to $1,630.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Approximately 21,832 shares traded hands during trading, a decline of 92% from the previous session’s volume of 266,770 shares.The stock last traded at $1,776.48 and had previously closed at $1,755.99.
Several other research firms have also recently commented on CMG. Stephens boosted their price target on shares of Chipotle Mexican Grill from $1,700.00 to $1,850.00 and gave the stock an “overweight” rating in a report on Wednesday. Wedbush restated a “buy” rating and set a $1,800.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday. KeyCorp boosted their price objective on shares of Chipotle Mexican Grill from $1,800.00 to $1,850.00 and gave the stock an “overweight” rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Chipotle Mexican Grill from $1,460.00 to $1,750.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Cowen boosted their price objective on shares of Chipotle Mexican Grill from $1,850.00 to $2,080.00 and gave the stock an “outperform” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,723.65.
In other news, CEO Brian R. Niccol sold 7,798 shares of the company’s stock in a transaction on Monday, July 12th. The shares were sold at an average price of $1,608.22, for a total transaction of $12,540,899.56. Following the transaction, the chief executive officer now directly owns 37,524 shares of the company’s stock, valued at approximately $60,346,847.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Christopher W. Brandt sold 2,795 shares of the company’s stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $1,471.00, for a total transaction of $4,111,445.00. Following the transaction, the chief marketing officer now directly owns 14,438 shares in the company, valued at $21,238,298. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,309 shares of company stock worth $19,365,245. Corporate insiders own 1.00% of the company’s stock.
The firm has a market capitalization of $50.13 billion, a PE ratio of 85.41, a price-to-earnings-growth ratio of 3.47 and a beta of 1.35. The business’s 50 day moving average price is $1,445.33.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Monday, July 19th. The restaurant operator reported $7.46 EPS for the quarter, beating the Zacks’ consensus estimate of $6.52 by $0.94. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Chipotle Mexican Grill had a net margin of 8.57% and a return on equity of 28.98%. The firm’s revenue was up 38.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 24.54 earnings per share for the current fiscal year.
Chipotle Mexican Grill Company Profile (NYSE:CMG)
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
Further Reading: How is the S&P 500 index different from the DJIA?
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.