Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $3,250.00 at BTIG Research

Chipotle Mexican Grill (NYSE:CMG) had its target price hoisted by BTIG Research from $2,750.00 to $3,250.00 in a research report released on Thursday, Marketbeat.com reports. They currently have a buy rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the stock. Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an outperform rating in a report on Friday, January 5th. Stifel Nicolaus increased their price target on shares of Chipotle Mexican Grill from $2,450.00 to $2,560.00 and gave the stock a buy rating in a report on Friday, February 2nd. BMO Capital Markets increased their price target on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a market perform rating in a report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a buy rating in a report on Wednesday, March 20th. Finally, Piper Sandler increased their price target 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $2,566.37.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $2,902.19 on Thursday. The firm has a market cap of $79.58 billion, a price-to-earnings ratio of 65.44, a PEG ratio of 2.53 and a beta of 1.29. The firm has a 50-day simple moving average of $2,617.78 and a two-hundred day simple moving average of $2,267.07. Chipotle Mexican Grill has a one year low of $1,645.03 and a one year high of $3,023.98.

Chipotle Mexican Grill shares are set 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 market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.63. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company posted $8.29 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities analysts predict that Chipotle Mexican Grill will post 53.12 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction on 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 transaction, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the transaction, the insider now directly owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold a total of 7,893 shares of company stock worth $20,827,447 in the last quarter. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors have recently bought and sold shares of the company. Evermay Wealth Management LLC grew its position in Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares in the last quarter. Peloton Wealth Strategists grew its position in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after acquiring an additional 4 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 382 shares of the restaurant operator’s stock valued at $700,000 after buying an additional 5 shares during the period. Clearstead Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 0.7% in the 3rd quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator’s stock valued at $1,416,000 after buying an additional 5 shares during the period. Finally, Horizon Bancorp Inc. IN boosted its stake in shares of Chipotle Mexican Grill by 5.2% in the 4th quarter. Horizon Bancorp Inc. IN now owns 101 shares of the restaurant operator’s stock valued at $231,000 after buying an additional 5 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

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.