Chipotle Mexican Grill (NYSE:CMG) Receives Equal Weight Rating from Stephens

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Stephens in a report issued on Tuesday,Benzinga reports. They presently have a $65.00 target price on the restaurant operator’s stock. Stephens’ price target indicates a potential upside of 9.67% from the company’s current price.

CMG has been the subject of several other reports. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group cut their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Trading Up 0.8 %

Chipotle Mexican Grill stock opened at $59.27 on Tuesday. The firm has a 50 day moving average of $57.52 and a 200 day moving average of $81.42. The firm has a market capitalization of $80.76 billion, a price-to-earnings ratio of 55.17, a P/E/G ratio of 2.37 and a beta of 1.26. Chipotle Mexican Grill has a 12-month low of $42.28 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is owned by insiders.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pacific Center for Financial Services lifted its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares during the last quarter. SVB Wealth LLC lifted its position in shares of Chipotle Mexican Grill by 3.7% during the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 5 shares during the last quarter. Nicolet Advisory Services LLC increased its stake in shares of Chipotle Mexican Grill by 1.9% during the first quarter. Nicolet Advisory Services LLC now owns 318 shares of the restaurant operator’s stock valued at $931,000 after buying an additional 6 shares during the period. Freestone Capital Holdings LLC increased its stake in shares of Chipotle Mexican Grill by 5.4% during the first quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock valued at $396,000 after buying an additional 7 shares during the period. Finally, Semmax Financial Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares during the period. 91.31% of the stock is currently owned by institutional investors.

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.