Chipotle Mexican Grill (NYSE:CMG) PT Raised to $2,699.00 at Citigroup

Chipotle Mexican Grill (NYSE:CMGGet Free Report) had its target price hoisted by equities researchers at Citigroup from $2,292.00 to $2,699.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s target price would suggest a potential upside of 16.02% from the stock’s current price.

CMG has been the subject of several other reports. Stephens lifted their target price on shares of Chipotle Mexican Grill from $2,330.00 to $2,800.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Raymond James boosted their price objective on shares of Chipotle Mexican Grill from $2,100.00 to $2,450.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Wedbush downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “neutral” rating and set a $2,400.00 target price for the company. in a report on Thursday, December 21st. BTIG Research boosted their price target on shares of Chipotle Mexican Grill from $2,175.00 to $2,650.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, KeyCorp upped their target price on shares of Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Nine investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,297.81.

View Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Up 0.6 %

Shares of NYSE:CMG traded up $14.48 on Wednesday, reaching $2,326.25. 145,119 shares of the company traded hands, compared to its average volume of 189,962. The business’s 50-day simple moving average is $2,264.07 and its 200 day simple moving average is $2,050.21. Chipotle Mexican Grill has a 52 week low of $1,470.05 and a 52 week high of $2,352.75. The stock has a market capitalization of $63.83 billion, a P/E ratio of 55.12, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its earnings results on Thursday, October 26th. The restaurant operator reported $11.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.46 by $0.90. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Chipotle Mexican Grill had a return on equity of 45.26% and a net margin of 12.27%. Chipotle Mexican Grill’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $9.51 earnings per share. Sell-side analysts expect that Chipotle Mexican Grill will post 44.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Brian R. Niccol sold 1,100 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $2,278.45, for a total value of $2,506,295.00. Following the completion of the sale, the chief executive officer now owns 22,447 shares in the company, valued at approximately $51,144,367.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Brian R. Niccol sold 1,060 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,950.00, for a total transaction of $2,067,000.00. Following the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,526,650. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 1,100 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $2,278.45, for a total transaction of $2,506,295.00. Following the sale, the chief executive officer now owns 22,447 shares in the company, valued at approximately $51,144,367.15. The disclosure for this sale can be found here. Insiders sold 4,733 shares of company stock worth $10,000,321 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Argus Investors Counsel Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $231,000. Keener Financial Planning LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $43,000. Toth Financial Advisory Corp boosted its position in Chipotle Mexican Grill by 610.5% during the 4th quarter. Toth Financial Advisory Corp now owns 135 shares of the restaurant operator’s stock worth $309,000 after acquiring an additional 116 shares during the period. Sequoia Financial Advisors LLC boosted its position in Chipotle Mexican Grill by 106.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 550 shares of the restaurant operator’s stock worth $1,258,000 after acquiring an additional 283 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $37,000. 91.19% of the stock is currently owned by institutional investors.

About Chipotle Mexican Grill

(Get Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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