Chipotle Mexican Grill (NYSE:CMG) Given “Outperform” Rating at Oppenheimer

Oppenheimer reissued their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report issued on Monday morning, Benzinga reports. They currently have a $65.00 target price on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. Stephens restated an equal weight rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Argus raised their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a buy rating in a research report on Tuesday, June 18th. Truist Financial reiterated a buy rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an outperform rating on the stock in a report on Wednesday, August 14th. Finally, StockNews.com lowered Chipotle Mexican Grill from a buy rating to a hold rating in a research note on Thursday, July 4th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $62.44.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $56.72 on Monday. Chipotle Mexican Grill has a 52-week low of $35.37 and a 52-week high of $69.26. The business’s fifty day moving average is $54.94 and its 200 day moving average is $81.06. The company has a market capitalization of $77.90 billion, a PE ratio of 60.34, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $12.65 EPS. On average, sell-side analysts forecast that Chipotle Mexican Grill will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently made changes to their positions in CMG. Czech National Bank increased its holdings in shares of Chipotle Mexican Grill by 6.6% in the 3rd quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock worth $16,075,000 after purchasing an additional 17,276 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Chipotle Mexican Grill by 70.3% during the third quarter. Central Pacific Bank Trust Division now owns 15,750 shares of the restaurant operator’s stock valued at $908,000 after buying an additional 6,500 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in Chipotle Mexican Grill by 5.8% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 18,351 shares of the restaurant operator’s stock worth $1,057,000 after buying an additional 1,001 shares in the last quarter. First Community Trust NA raised its position in Chipotle Mexican Grill by 60.0% in the 3rd quarter. First Community Trust NA now owns 8,000 shares of the restaurant operator’s stock worth $461,000 after buying an additional 3,000 shares during the last quarter. Finally, M&R Capital Management Inc. lifted its stake in Chipotle Mexican Grill by 1,474.2% during the 3rd quarter. M&R Capital Management Inc. now owns 7,871 shares of the restaurant operator’s stock valued at $454,000 after acquiring an additional 7,371 shares during the period. 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.