Barclays Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,865.00

Chipotle Mexican Grill (NYSE:CMG) had its price target hoisted by Barclays from $2,400.00 to $2,865.00 in a research note published on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Several other analysts have also commented on the company. Sanford C. Bernstein lifted their price objective on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. Truist Financial upped their price target on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Raymond James reissued an outperform rating and issued a $3,340.00 price objective (up previously from $3,300.00) on shares of Chipotle Mexican Grill in a report on Thursday. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the company a hold rating in a report on Tuesday, April 16th. Finally, Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the stock a neutral rating in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $3,137.12.

Chipotle Mexican Grill Stock Performance

CMG opened at $3,186.97 on Thursday. The company’s 50-day simple moving average is $2,822.95 and its two-hundred day simple moving average is $2,430.22. The stock has a market capitalization of $87.55 billion, a P/E ratio of 68.01, a P/E/G ratio of 2.67 and a beta of 1.28. Chipotle Mexican Grill has a 52-week low of $1,768.64 and a 52-week high of $3,199.99.

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

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.63 by $1.74. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. Research analysts forecast that Chipotle Mexican Grill will post 55.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christopher W. Brandt sold 3,149 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Albert S. Baldocchi sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the sale, the director now directly owns 37,271 shares in the company, valued at $97,221,776.21. The disclosure for this sale can be found here. Insiders have sold a total of 6,793 shares of company stock valued at $18,321,152 in the last quarter. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after purchasing an additional 23,151 shares during the last quarter. Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after buying an additional 8,541 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Chipotle Mexican Grill by 1.5% in the third quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock worth $934,147,000 after buying an additional 7,677 shares during the period. FMR LLC lifted its stake in shares of Chipotle Mexican Grill by 5.9% during the 3rd quarter. FMR LLC now owns 449,942 shares of the restaurant operator’s stock worth $824,217,000 after acquiring an additional 24,991 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 3.5% during the 3rd quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock valued at $732,552,000 after acquiring an additional 13,482 shares during the period. Institutional investors own 91.31% of the company’s stock.

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.