Chipotle Mexican Grill (NYSE:CMG) Given New $69.00 Price Target at Raymond James

Chipotle Mexican Grill (NYSE:CMG) had its target price cut by Raymond James from $72.00 to $69.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

Several other analysts also recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Barclays increased their price target on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. BMO Capital Markets raised their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $57.76 on Tuesday. The business has a fifty day moving average of $60.63 and a 200 day moving average of $57.72. The firm has a market capitalization of $78.70 billion, a price-to-earnings ratio of 53.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill has a 1 year low of $46.29 and a 1 year high of $69.26.

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

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ZRC Wealth Management LLC boosted its stake in Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the last quarter. Transcendent Capital Group LLC increased its stake in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $32,000. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $33,000. Finally, Quarry LP purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $37,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.