Chipotle Mexican Grill (NYSE:CMG) Price Target Increased to $3,600.00 by Analysts at Deutsche Bank Aktiengesellschaft

Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by Deutsche Bank Aktiengesellschaft from $3,400.00 to $3,600.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other analysts have also recently commented on CMG. Robert W. Baird upped their price objective on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the company an outperform rating in a research report on Thursday. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an outperform rating in a research report on Thursday. Raymond James reissued an outperform rating and issued a $3,340.00 price objective (up previously from $3,300.00) on shares of Chipotle Mexican Grill in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a buy rating in a research report on Thursday, April 11th. Finally, Citigroup increased their price target on shares of Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a buy rating in a research report on Monday, April 8th. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $3,057.68.

Chipotle Mexican Grill Trading Up 2.2 %

NYSE:CMG traded up $69.27 during trading hours on Thursday, reaching $3,181.24. 156,099 shares of the company traded hands, compared to its average volume of 240,293. The business’s 50-day moving average price is $2,811.11 and its two-hundred day moving average price is $2,416.65. The stock has a market capitalization of $87.39 billion, a P/E ratio of 67.09, a P/E/G ratio of 2.48 and a beta of 1.28. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,182.21.

Chipotle Mexican Grill shares are scheduled to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed 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, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 45.46% and a net margin of 12.70%. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. As a group, equities analysts anticipate that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, 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 valued at $18,321,152 in the last quarter. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently made changes to their positions in CMG. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $805,529,000. International Assets Investment Management LLC boosted its position in Chipotle Mexican Grill by 220,249.6% during the fourth quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock valued at $6,903,850,000 after purchasing an additional 301,742 shares in the last quarter. Wellington Management Group LLP boosted its position in Chipotle Mexican Grill by 41.6% during the third quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock valued at $727,570,000 after purchasing an additional 116,723 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $167,256,000. Finally, 1832 Asset Management L.P. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $100,535,000. 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.