Sanford C. Bernstein Increases Chipotle Mexican Grill (NYSE:CMG) Price Target to $3,200.00

Chipotle Mexican Grill (NYSE:CMGGet Free Report) had its price objective boosted by investment analysts at Sanford C. Bernstein from $2,800.00 to $3,200.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 10.16% from the stock’s current price.

Several other research firms have also commented on CMG. Raymond James boosted their price objective on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. TD Cowen upped their price objective on shares of Chipotle Mexican Grill from $2,650.00 to $2,900.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Barclays upped their price objective on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Morgan Stanley increased their price target on shares of Chipotle Mexican Grill from $2,284.00 to $2,500.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, Truist Financial increased their price target on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $2,547.85.

Check Out Our Latest Stock Report on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Up 0.8 %

CMG stock opened at $2,904.83 on Tuesday. Chipotle Mexican Grill has a 12 month low of $1,628.90 and a 12 month high of $3,023.98. The company has a 50-day moving average price of $2,579.59 and a 200 day moving average price of $2,248.74. The stock has a market cap of $79.65 billion, a PE ratio of 65.50, a P/E/G ratio of 2.47 and a beta of 1.29.

Chipotle Mexican Grill’s stock is set 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 payable to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, topping 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 44.41%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.29 EPS. Sell-side analysts forecast that Chipotle Mexican Grill will post 53.12 EPS 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 dated 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 of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total transaction of $2,506,295.00. Following the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at $51,144,367.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,893 shares of company stock valued at $20,827,447. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock worth $6,191,334,000 after acquiring an additional 23,151 shares during the period. BlackRock Inc. raised its holdings in Chipotle Mexican Grill by 2.7% in the second quarter. BlackRock Inc. now owns 2,052,227 shares of the restaurant operator’s stock valued at $4,389,714,000 after buying an additional 54,820 shares during the period. Capital World Investors raised its holdings in Chipotle Mexican Grill by 0.8% in the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after buying an additional 8,541 shares during the period. State Street Corp raised its holdings in Chipotle Mexican Grill by 4.1% in the second quarter. State Street Corp now owns 1,085,226 shares of the restaurant operator’s stock valued at $2,321,298,000 after buying an additional 42,257 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.7% in the first quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator’s stock valued at $963,779,000 after buying an additional 9,520 shares during the period. 91.31% 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 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.

Recommended Stories

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.