Jefferies Financial Group Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,700.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective hoisted by analysts at Jefferies Financial Group from $2,350.00 to $2,700.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 6.92% from the stock’s previous close.

A number of other equities analysts also recently commented on CMG. Barclays lifted their price objective 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. Deutsche Bank Aktiengesellschaft raised their target price 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. KeyCorp upped their target price on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Finally, Truist Financial increased their target price on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,719.86.

Chipotle Mexican Grill Stock Performance

CMG opened at $2,900.71 on Tuesday. Chipotle Mexican Grill has a 1-year low of $1,768.64 and a 1-year high of $3,023.98. The company has a 50-day moving average of $2,772.86 and a 200-day moving average of $2,375.00. The company has a market capitalization of $79.54 billion, a P/E ratio of 65.40, a PEG ratio of 2.51 and a beta of 1.28.

Chipotle Mexican Grill’s stock is going to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $8.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 53.38 earnings per share for the current fiscal 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 transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 ninety days, insiders sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $805,529,000. International Assets Investment Management LLC lifted its stake in Chipotle Mexican Grill by 220,249.6% in the 4th quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock worth $6,903,850,000 after acquiring an additional 301,742 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $248,604,000. Morgan Stanley boosted its position in Chipotle Mexican Grill by 65.8% during the 4th quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock worth $521,332,000 after acquiring an additional 149,115 shares during the period. Finally, Wellington Management Group LLP grew its stake in Chipotle Mexican Grill by 41.6% during the 3rd quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock valued at $727,570,000 after acquiring an additional 116,723 shares in the last quarter. Institutional investors and hedge funds 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.