Chipotle Mexican Grill (NYSE:CMG) PT Raised to $2,500.00

Chipotle Mexican Grill (NYSE:CMGGet Free Report) had its target price upped by equities research analysts at Morgan Stanley from $2,284.00 to $2,500.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s target price would indicate a potential downside of 4.60% from the company’s current price.

Several other brokerages have also issued reports on CMG. Stephens boosted their price target on shares of Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays upped 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 report on Wednesday. BTIG Research upped their target price on shares of Chipotle Mexican Grill from $2,650.00 to $2,750.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $2,400.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday. Finally, Piper Sandler upped their target price on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the stock a “neutral” rating in a report on Tuesday, January 16th. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,469.88.

Get Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Down 1.7 %

Shares of Chipotle Mexican Grill stock opened at $2,620.48 on Wednesday. The firm has a fifty day simple moving average of $2,318.38 and a 200-day simple moving average of $2,076.50. Chipotle Mexican Grill has a 1-year low of $1,470.05 and a 1-year high of $2,725.83. The stock has a market capitalization of $71.91 billion, a price-to-earnings ratio of 59.09, a PEG ratio of 1.83 and a beta of 1.29.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its earnings results on Monday, February 5th. The restaurant operator reported $10.36 EPS for the quarter, beating the consensus estimate of $9.73 by $0.63. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 45.84%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $8.29 EPS. As a group, research analysts predict that Chipotle Mexican Grill will post 52.94 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 1,996 shares of the 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 value of $4,790,220.36. Following the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Brian R. Niccol sold 1,100 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $2,278.45, for a total value of $2,506,295.00. Following the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $51,144,367.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,996 shares of the 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 sale, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,189 shares of company stock worth $9,700,908. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Large investors have recently bought and sold shares of the business. Fortitude Family Office LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $32,000. Coppell Advisory Solutions LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $32,000. IMA Wealth Inc. grew its stake in shares of Chipotle Mexican Grill by 185.7% during the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 13 shares in the last quarter. Horizon Bancorp Inc. IN grew its stake in shares of Chipotle Mexican Grill by 240.0% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 17 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 12 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $37,000. 91.19% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

(Get Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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