Chipotle Mexican Grill (NYSE:CMG) Rating Reiterated by Oppenheimer

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “outperform” rating reiterated by equities research analysts at Oppenheimer in a report released on Thursday, Benzinga reports. They currently have a $3,300.00 target price on the restaurant operator’s stock, up from their prior target price of $2,825.00. Oppenheimer’s price target would indicate a potential upside of 12.89% from the company’s previous close.

Other analysts have also issued reports about the company. Argus raised their price target on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Morgan Stanley lifted their price objective on Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Eleven 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 has an average rating of “Moderate Buy” and a consensus target price of $2,852.54.

Chipotle Mexican Grill Trading Up 0.3 %

Chipotle Mexican Grill stock opened at $2,923.32 on Thursday. The stock has a 50-day moving average price of $2,801.11 and a 200 day moving average price of $2,411.76. Chipotle Mexican Grill has a 52 week low of $1,768.64 and a 52 week high of $3,023.98. The stock has a market cap of $80.16 billion, a PE ratio of 65.91, a P/E/G ratio of 2.47 and a beta of 1.28.

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

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

Insider Transactions at Chipotle Mexican Grill

In related news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Albert S. Baldocchi sold 750 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 37,271 shares of the company’s stock, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Steph & Co. bought a new position in Chipotle Mexican Grill during the first quarter valued at about $29,000. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $37,000. ICA Group Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at $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.