Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $56.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective hoisted by BMO Capital Markets from $55.00 to $56.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a market perform rating on the restaurant operator’s stock.

A number of other research analysts have also recently weighed in on CMG. Barclays cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Raymond James cut their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Guggenheim boosted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Chipotle Mexican Grill Trading Up 5.1 %

NYSE:CMG opened at $58.59 on Wednesday. Chipotle Mexican Grill has a 12 month low of $39.92 and a 12 month high of $69.26. The firm has a fifty day simple moving average of $57.28 and a 200-day simple moving average of $81.14. The company has a market capitalization of $80.24 billion, a P/E ratio of 54.53, a PEG ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill will post 1.1 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock worth $2,817,127 in the last ninety days. 1.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several large investors have recently made changes to their positions in CMG. Valeo Financial Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 84.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 416 shares of the restaurant operator’s stock worth $1,210,000 after acquiring an additional 190 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in Chipotle Mexican Grill by 9.8% during the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after buying an additional 4 shares in the last quarter. Norden Group LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $2,163,000. Westside Investment Management Inc. acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $58,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in Chipotle Mexican Grill by 14.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 458 shares of the restaurant operator’s stock worth $1,331,000 after buying an additional 59 shares in the last quarter. 91.31% of the stock is currently 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.