Chipotle Mexican Grill (NYSE:CMG) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from a neutral rating to an outperform rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Wedbush currently has $58.00 price target on the restaurant operator’s stock, up from their previous price target of $54.00.

Several other equities analysts have also issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a hold rating in a report on Tuesday, April 16th. Evercore ISI lowered their price objective on Chipotle Mexican Grill from $72.00 to $65.00 and set an outperform rating for the company in a research note on Thursday, July 25th. Oppenheimer cut their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an outperform rating on the stock in a research note on Thursday, July 25th. Argus lifted their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a buy rating in a research report on Tuesday, June 18th. Finally, Loop Capital cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a hold rating on the stock in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of Moderate Buy and an average price target of $62.36.

Chipotle Mexican Grill Trading Down 2.8 %

CMG opened at $52.46 on Wednesday. The company has a market cap of $72.05 billion, a price-to-earnings ratio of 55.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The stock has a fifty day simple moving average of $122.52 and a two-hundred day simple moving average of $80.27. Chipotle Mexican Grill has a 12-month low of $35.37 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $12.65 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill will post 1.09 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently bought and sold shares of the stock. Swedbank AB bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $53,979,000. Transform Wealth LLC increased its stake in shares of Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 9,331 shares in the last quarter. First Hawaiian Bank raised its position in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after purchasing an additional 16,795 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 4,747.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after buying an additional 19,988 shares in the last quarter. Finally, MJP Associates Inc. ADV lifted its stake in shares of Chipotle Mexican Grill by 5,588.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after buying an additional 12,573 shares in the last quarter. Institutional investors 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.