Chipotle Mexican Grill (NYSE:CMG) Rating Reiterated by Wedbush

Chipotle Mexican Grill (NYSE:CMGGet Free Report)‘s stock had its “neutral” rating reiterated by equities researchers at Wedbush in a report released on Monday, Benzinga reports. They presently have a $3,200.00 price target on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential downside of 6.65% from the stock’s previous close.

Several other research firms also recently commented on CMG. Barclays raised their price objective on Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Argus lifted their price objective on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $3,440.00 to $3,520.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. BTIG Research boosted their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Morgan Stanley upped their price target on shares of Chipotle Mexican Grill from $2,986.00 to $3,100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3,201.19.

View Our Latest Analysis on CMG

Chipotle Mexican Grill Stock Performance

CMG opened at $3,427.82 on Monday. Chipotle Mexican Grill has a one year low of $1,768.64 and a one year high of $3,463.07. The stock has a market cap of $94.16 billion, a price-to-earnings ratio of 73.15, a P/E/G ratio of 2.60 and a beta of 1.25. The stock’s 50 day moving average price is $3,121.24 and its 200-day moving average price is $2,732.93.

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

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.63 by $1.74. The company had revenue of $2.70 billion during 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%. As a group, analysts predict that Chipotle Mexican Grill will post 55.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 2,509 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total transaction of $7,939,579.96. Following the sale, the insider now owns 1,085 shares in the company, valued at approximately $3,433,417.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Roger E. Theodoredis sold 2,509 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,164.44, for a total value of $7,939,579.96. Following the sale, the insider now directly owns 1,085 shares of the company’s stock, valued at approximately $3,433,417.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott Boatwright sold 1,100 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,190.16, for a total transaction of $3,509,176.00. Following the transaction, the chief operating officer now directly owns 2,412 shares of the company’s stock, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders sold 11,015 shares of company stock worth $35,023,769 in the last 90 days. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in shares of Chipotle Mexican Grill by 5.0% in the 3rd quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator’s stock valued at $518,780,000 after purchasing an additional 13,513 shares during the period. Covestor Ltd raised its position in shares of Chipotle Mexican Grill by 9.2% in the third quarter. Covestor Ltd now owns 95 shares of the restaurant operator’s stock worth $174,000 after acquiring an additional 8 shares during the period. Insigneo Advisory Services LLC boosted its stake in shares of Chipotle Mexican Grill by 24.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 298 shares of the restaurant operator’s stock worth $546,000 after acquiring an additional 58 shares in the last quarter. Nicholas Company Inc. grew its position in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Nicholas Company Inc. now owns 34,755 shares of the restaurant operator’s stock valued at $63,665,000 after acquiring an additional 965 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 1,043.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,847 shares of the restaurant operator’s stock valued at $19,870,000 after purchasing an additional 9,898 shares in the last quarter. 91.31% of the stock is currently 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 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.

See Also

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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