Jefferies Financial Group Raises Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,700.00

Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by Jefferies Financial Group from $2,350.00 to $2,700.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on CMG. Piper Sandler increased their target price on Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a neutral rating in a research note on Tuesday, January 16th. Truist Financial raised their price objective on 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. Sanford C. Bernstein raised their price objective on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. Stephens initiated coverage on Chipotle Mexican Grill in a research note on Friday, April 12th. They set an equal weight rating and a $3,010.00 price objective on the stock. Finally, BTIG Research raised their price objective on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company a buy rating in a research note on Thursday, March 28th. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $2,759.14.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $2,907.97 on Tuesday. The company has a market cap of $79.74 billion, a P/E ratio of 65.57, a P/E/G ratio of 2.51 and a beta of 1.28. The stock’s fifty day moving average price is $2,778.61 and its two-hundred day moving average price is $2,378.70. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,023.98.

Chipotle Mexican Grill’s stock is set to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.63. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $8.29 earnings per share. On average, analysts expect that Chipotle Mexican Grill will post 53.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the completion of the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the sale, the insider now owns 1,529 shares of the company’s stock, valued at approximately $4,009,420.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. Insiders sold a total of 6,793 shares of company stock worth $18,321,152 in the last three months. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of large investors have recently added to or reduced their stakes in CMG. Panagora Asset Management Inc. grew its position in Chipotle Mexican Grill by 79.5% in the 1st quarter. Panagora Asset Management Inc. now owns 948 shares of the restaurant operator’s stock worth $1,500,000 after purchasing an additional 420 shares during the period. Cibc World Market Inc. grew its position in shares of Chipotle Mexican Grill by 15.5% during the 1st quarter. Cibc World Market Inc. now owns 171 shares of the restaurant operator’s stock valued at $271,000 after acquiring an additional 23 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Chipotle Mexican Grill by 7.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,032 shares of the restaurant operator’s stock valued at $4,796,000 after acquiring an additional 205 shares during the period. Cetera Investment Advisers grew its position in shares of Chipotle Mexican Grill by 6.1% during the 1st quarter. Cetera Investment Advisers now owns 777 shares of the restaurant operator’s stock valued at $1,229,000 after acquiring an additional 45 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Chipotle Mexican Grill by 38.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 218 shares of the restaurant operator’s stock valued at $345,000 after acquiring an additional 61 shares during the period. 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.