Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $3,600.00 at Evercore ISI

Chipotle Mexican Grill (NYSE:CMG) had its price target lifted by Evercore ISI from $3,200.00 to $3,600.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Several other analysts have also weighed in on the company. Truist Financial upped their price objective on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the company a buy rating in a report on Wednesday, February 7th. Barclays upped their target price on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Robert W. Baird upped their target price on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the company an outperform rating in a report on Thursday. Stifel Nicolaus upped their target price on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a buy rating in a report on Thursday, April 11th. Finally, Morgan Stanley upped their target price on Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the company an equal weight rating in a report on Friday, April 12th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $3,057.68.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $44.54 during trading on Thursday, reaching $3,156.51. The stock had a trading volume of 23,849 shares, compared to its average volume of 238,875. Chipotle Mexican Grill has a one year low of $1,768.64 and a one year high of $3,175.00. The stock has a market cap of $86.71 billion, a PE ratio of 67.09, a P/E/G ratio of 2.48 and a beta of 1.28. The firm’s 50 day moving average price is $2,811.11 and its two-hundred day moving average price is $2,416.65.

Chipotle Mexican Grill’s stock is scheduled to split on 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:CMG) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) 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 company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, research analysts expect that Chipotle Mexican Grill will post 53.49 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the transaction, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Albert S. Baldocchi sold 750 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 37,271 shares in the company, valued at $97,221,776.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares in the company, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold 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 Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after acquiring an additional 23,151 shares during the last quarter. Capital World Investors increased its holdings in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock worth $2,575,057,000 after acquiring an additional 8,541 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Chipotle Mexican Grill by 1.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock valued at $934,147,000 after acquiring an additional 7,677 shares during the period. FMR LLC grew its stake in Chipotle Mexican Grill by 5.9% in the 3rd quarter. FMR LLC now owns 449,942 shares of the restaurant operator’s stock valued at $824,217,000 after buying an additional 24,991 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock valued at $732,552,000 after acquiring an additional 13,482 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.