Chipotle Mexican Grill (NYSE:CMG) PT Raised to $2,700.00

Chipotle Mexican Grill (NYSE:CMG) had its price target lifted by Jefferies Financial Group from $2,350.00 to $2,700.00 in a report issued on Tuesday, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also commented on the stock. UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Wedbush upped their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a neutral rating in a research note on Friday, March 22nd. Morgan Stanley upped their target price on shares of Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an equal weight rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Finally, Oppenheimer upped their target price on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $2,759.14.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $2,870.07 on Tuesday. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,023.98. The company’s 50-day moving average is $2,783.24 and its 200 day moving average is $2,385.67. The stock has a market capitalization of $78.70 billion, a P/E ratio of 64.71, a P/E/G ratio of 2.46 and a beta of 1.28.

Chipotle Mexican Grill’s stock is scheduled to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate of $9.73 by $0.63. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm posted $8.29 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 15.4% on a year-over-year basis. Research analysts anticipate that Chipotle Mexican Grill will post 53.36 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the sale, the director now directly owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the sale, the director now directly owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The disclosure for this sale can be found here. Insiders sold a total of 6,793 shares of company stock valued at $18,321,152 over the last three months. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in Chipotle Mexican Grill by 5.0% during the third quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator’s stock valued at $518,780,000 after acquiring an additional 13,513 shares in the last quarter. Covestor Ltd lifted its position in Chipotle Mexican Grill by 9.2% during the third quarter. Covestor Ltd now owns 95 shares of the restaurant operator’s stock valued at $174,000 after purchasing an additional 8 shares during the last quarter. NewEdge Wealth LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at $205,000. Laidlaw Wealth Management LLC lifted its position in Chipotle Mexican Grill by 69.8% during the third quarter. Laidlaw Wealth Management LLC now owns 270 shares of the restaurant operator’s stock valued at $495,000 after purchasing an additional 111 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its position in Chipotle Mexican Grill by 0.7% during the third quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator’s stock valued at $1,416,000 after purchasing an additional 5 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.