Chipotle Mexican Grill (NYSE:CMG) Given New $3,500.00 Price Target at UBS Group

Chipotle Mexican Grill (NYSE:CMG) had its price target hoisted by analysts at UBS Group from $3,400.00 to $3,500.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price objective suggests a potential upside of 15.56% from the company’s current price.

Other analysts also recently issued reports about the stock. Robert W. Baird raised their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Citigroup raised their target price on shares of Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a “buy” rating in a report on Monday, April 8th. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Finally, BTIG Research raised their target price on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,918.39.

Chipotle Mexican Grill Trading Up 3.5 %

NYSE:CMG traded up $101.94 during trading hours on Thursday, hitting $3,028.70. 255,842 shares of the company traded hands, compared to its average volume of 235,746. Chipotle Mexican Grill has a twelve month low of $1,768.64 and a twelve month high of $3,071.71. The stock has a market capitalization of $83.05 billion, a price-to-earnings ratio of 68.20, a P/E/G ratio of 2.47 and a beta of 1.28. The firm has a 50-day moving average of $2,801.11 and a 200 day moving average of $2,411.76.

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

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts predict that Chipotle Mexican Grill will post 53.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the transaction, the insider now directly owns 8,563 shares in the company, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock valued at $18,321,152 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CMG. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. Fortitude Family Office LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $32,000. Turtle Creek Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $37,000. ICA Group Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at about $38,000. 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.