Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,250.00 at KeyCorp

Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by KeyCorp from $2,750.00 to $3,250.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price objective indicates a potential upside of 9.56% from the company’s current price.

A number of other equities research analysts have also recently commented on CMG. Truist Financial upped their target price on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Citigroup increased their price target on shares of Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a “buy” rating in a report on Monday. Barclays increased their price target 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, February 7th. BTIG Research increased their price target on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. 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 eighteen have assigned a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $2,633.33.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $2,966.34 on Tuesday. Chipotle Mexican Grill has a 1-year low of $1,693.88 and a 1-year high of $3,023.98. The stock has a market cap of $81.34 billion, a PE ratio of 66.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. The firm has a fifty day moving average price of $2,729.20 and a 200 day moving average price of $2,336.23.

Shares of Chipotle Mexican Grill are going 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 distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the company earned $8.29 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill will post 53.12 EPS for the current fiscal year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the sale, the insider now owns 1,529 shares in the company, valued at $4,009,420.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the sale, the insider now owns 1,529 shares in the company, valued at $4,009,420.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,996 shares of the firm’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 in the company, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock worth $18,321,152 over the last ninety days. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently bought and sold shares of the stock. Evermay Wealth Management LLC raised its stake in Chipotle Mexican Grill by 1.8% during the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after purchasing an additional 4 shares during the period. Peloton Wealth Strategists raised its stake in shares of 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 during the period. Coldstream Capital Management Inc. raised 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 acquiring an additional 5 shares during the period. Clearstead Advisors LLC raised 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 acquiring an additional 5 shares during the period. Finally, Horizon Bancorp Inc. IN raised 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 acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.