Chipotle Mexican Grill (NYSE:CMG) Given New $3,500.00 Price Target at Robert W. Baird

Chipotle Mexican Grill (NYSE:CMG) had its target price upped by Robert W. Baird from $3,250.00 to $3,500.00 in a research note released on Thursday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the restaurant operator’s stock.

CMG has been the topic of a number of other reports. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $2,900.00 to $3,200.00 and gave the stock an outperform rating in a research note on Thursday, April 18th. Barclays lifted their target price on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Stephens assumed coverage on shares of Chipotle Mexican Grill in a research report on Friday, April 12th. They set an equal weight rating and a $3,010.00 price target for the company. TD Cowen reiterated a buy rating and set a $2,900.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, April 10th. Finally, UBS Group lifted their price target on shares of Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the company a buy rating in a research report on Thursday, April 11th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $3,057.68.

Chipotle Mexican Grill Trading Up 6.5 %

NYSE:CMG opened at $3,116.02 on Thursday. The company’s 50-day moving average price is $2,811.11 and its 200-day moving average price is $2,416.65. The company has a market cap of $85.60 billion, a P/E ratio of 66.50, a P/E/G ratio of 2.48 and a beta of 1.28. Chipotle Mexican Grill has a twelve month low of $1,768.64 and a twelve month high of $3,145.69.

Shares of Chipotle Mexican Grill are 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 issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 45.46%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, analysts expect that Chipotle Mexican Grill will post 53.49 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,996 shares of the business’s 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 transaction of $4,790,220.36. Following the sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. Insiders sold 6,793 shares of company stock worth $18,321,152 over the last 90 days. 0.96% of the stock is owned by insiders.

Institutional Trading of Chipotle Mexican Grill

Institutional investors and hedge funds have recently bought and sold shares of the business. Steph & Co. purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $29,000. Fortitude Family Office LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $37,000. ICA Group Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $37,000. Finally, Keener Financial Planning LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $43,000. Hedge funds and other 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.