Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,350.00 at BTIG Research

Chipotle Mexican Grill (NYSE:CMG) had its target price lifted by BTIG Research from $3,250.00 to $3,350.00 in a research note published on Thursday morning, Benzinga reports. BTIG Research currently has a buy rating on the restaurant operator’s stock.

CMG has been the subject of a number of other reports. Citigroup lifted their price objective on Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a buy rating in a research note on Monday, April 8th. KeyCorp boosted their target price on Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an overweight rating in a research report on Thursday. Stephens increased their price target on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an equal weight rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the stock a buy rating in a research note on Thursday. Finally, Robert W. Baird upped their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the company an outperform rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of Moderate Buy and a consensus target price of $3,137.12.

Chipotle Mexican Grill Trading Up 2.4 %

Chipotle Mexican Grill stock opened at $3,186.97 on Thursday. The company has a market cap of $87.55 billion, a PE ratio of 68.01, a PEG ratio of 2.67 and a beta of 1.28. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,199.99. The company’s 50-day moving average is $2,822.95 and its two-hundred day moving average is $2,430.22.

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 distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates 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 year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 898 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the sale, the insider now owns 1,529 shares of the company’s stock, valued at approximately $4,009,420.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Albert S. Baldocchi sold 750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, February 14th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the sale, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. Insiders sold 6,793 shares of company stock valued at $18,321,152 over the last three months. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Steph & Co. acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $32,000. Turtle Creek Wealth Advisors LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $37,000. ICA Group Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. Finally, Keener Financial Planning LLC bought a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $43,000. 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.