Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,500.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by UBS Group from $3,400.00 to $3,500.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

CMG has been the topic of a number of other reports. Piper Sandler upped their price target on Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the stock a neutral rating in a research note on Thursday. Sanford C. Bernstein upped their target price on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an outperform rating in a research report on Tuesday, March 26th. Wells Fargo & Company increased their target price on Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the stock an overweight rating in a report on Thursday. Truist Financial boosted 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 note on Wednesday, February 7th. Finally, Barclays raised their price objective on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $3,137.12.

Chipotle Mexican Grill Stock Up 2.4 %

Shares of CMG stock opened at $3,186.97 on Thursday. The firm has a 50 day moving average of $2,822.95 and a 200-day moving average of $2,430.22. The company has a market cap of $87.55 billion, a price-to-earnings ratio of 68.01, a price-to-earnings-growth 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.

Shares of Chipotle Mexican Grill are scheduled to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, beating the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Analysts anticipate that Chipotle Mexican Grill will post 55.08 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMG. Vanguard Group Inc. lifted its holdings in Chipotle Mexican Grill by 0.9% during the fourth 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 increased its stake in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock worth $2,575,057,000 after purchasing an additional 8,541 shares in the last quarter. Artisan Partners Limited Partnership raised its position 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 valued at $934,147,000 after purchasing 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 valued at $824,217,000 after buying an additional 24,991 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock worth $732,552,000 after buying an additional 13,482 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.