Barclays Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,400.00

Chipotle Mexican Grill (NYSE:CMGFree Report) had its price target lifted by Barclays from $2,246.00 to $2,400.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

A number of other research analysts also recently commented on CMG. Royal Bank of Canada boosted their price target on Chipotle Mexican Grill from $2,185.00 to $2,425.00 and gave the company an outperform rating in a research note on Friday, December 1st. Truist Financial reaffirmed a buy rating and issued a $2,280.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, October 24th. Stephens boosted their target price on Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the stock an overweight rating in a research note on Wednesday. Raymond James boosted their target price on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an outperform rating in a research note on Thursday, January 25th. Finally, Robert W. Baird reissued an outperform rating and set a $2,650.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, January 22nd. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $2,469.88.

Read Our Latest Stock Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Up 0.7 %

CMG stock opened at $2,638.35 on Wednesday. The company has a market cap of $72.40 billion, a PE ratio of 59.49, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The business has a 50-day simple moving average of $2,326.47 and a 200 day simple moving average of $2,080.26. Chipotle Mexican Grill has a 52 week low of $1,470.05 and a 52 week high of $2,725.83.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly 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. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. Chipotle Mexican Grill’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.29 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill will post 53.12 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 1,093 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $2,199.81, for a total value of $2,404,392.33. Following the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at $51,358,964.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Brian R. Niccol sold 1,093 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $2,199.81, for a total transaction of $2,404,392.33. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $51,358,964.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total value of $2,506,295.00. Following the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at $51,144,367.15. The disclosure for this sale can be found here. Insiders have sold 5,087 shares of company stock worth $12,055,688 over the last ninety days. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $205,000. Simplicity Solutions LLC grew its stake in shares of Chipotle Mexican Grill by 27.7% during the 2nd quarter. Simplicity Solutions LLC now owns 936 shares of the restaurant operator’s stock worth $2,003,000 after acquiring an additional 203 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Chipotle Mexican Grill by 8.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,272 shares of the restaurant operator’s stock worth $46,294,000 after acquiring an additional 2,065 shares during the period. Arizona State Retirement System grew its stake in shares of Chipotle Mexican Grill by 4.3% during the 2nd quarter. Arizona State Retirement System now owns 7,893 shares of the restaurant operator’s stock worth $16,883,000 after acquiring an additional 324 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Chipotle Mexican Grill by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 196,895 shares of the restaurant operator’s stock worth $421,158,000 after acquiring an additional 1,500 shares during the period. 91.19% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

(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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