Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $2,920.00

Chipotle Mexican Grill (NYSE:CMGFree Report) had its price objective boosted by Truist Financial from $2,700.00 to $2,920.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

CMG has been the subject of a number of other reports. Morgan Stanley upped their target price on shares of Chipotle Mexican Grill from $2,010.00 to $2,070.00 and gave the company an equal weight rating in a report on Friday, October 27th. Barclays increased their price objective on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the stock an equal weight rating in a research report on Wednesday. Stephens boosted their target price on Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the company an overweight rating in a report on Wednesday. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the stock an overweight rating in a report on Wednesday. Finally, Piper Sandler boosted their price objective on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a neutral rating in a research note on Tuesday, January 16th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of Moderate Buy and an average price target of $2,469.88.

Check Out Our Latest Research Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Up 0.7 %

NYSE:CMG opened at $2,638.35 on Wednesday. The company has a market capitalization of $72.41 billion, a PE ratio of 59.49, a P/E/G ratio of 1.96 and a beta of 1.29. Chipotle Mexican Grill has a 52-week low of $1,470.05 and a 52-week high of $2,725.83. The stock’s 50 day moving average price is $2,326.47 and its 200 day moving average price is $2,080.35.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The restaurant operator reported $10.36 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.63. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The company’s 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 earnings per share. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 53.12 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, CEO Brian R. Niccol sold 1,100 shares of the firm’s 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 transaction of $2,506,295.00. Following the completion of the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $51,144,367.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction 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 $53,870,779.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,100 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $2,278.45, for a total transaction of $2,506,295.00. Following the completion of the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $51,144,367.15. The disclosure for this sale can be found here. Insiders have sold 5,087 shares of company stock valued at $12,055,688 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. boosted its position in Chipotle Mexican Grill by 79.5% during the first quarter. Panagora Asset Management Inc. now owns 948 shares of the restaurant operator’s stock worth $1,500,000 after acquiring an additional 420 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of Chipotle Mexican Grill by 15.5% during the 1st quarter. Cibc World Market Inc. now owns 171 shares of the restaurant operator’s stock worth $271,000 after purchasing an additional 23 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Chipotle Mexican Grill by 7.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,032 shares of the restaurant operator’s stock worth $4,796,000 after purchasing an additional 205 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Chipotle Mexican Grill by 6.1% during the first quarter. Cetera Investment Advisers now owns 777 shares of the restaurant operator’s stock worth $1,229,000 after purchasing an additional 45 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Chipotle Mexican Grill by 38.9% in the first quarter. Sequoia Financial Advisors LLC now owns 218 shares of the restaurant operator’s stock valued at $345,000 after purchasing an additional 61 shares during the last quarter. 91.19% of the stock is currently owned by hedge funds and other 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.

Read More

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.