Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $69.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective upped by research analysts at Oppenheimer from $65.00 to $69.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target suggests a potential upside of 17.43% from the stock’s current price.

A number of other research firms also recently issued reports on CMG. TD Cowen lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Stephens reiterated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $66.69.

Chipotle Mexican Grill Stock Down 1.6 %

NYSE CMG opened at $58.76 on Tuesday. Chipotle Mexican Grill has a 12-month low of $44.08 and a 12-month high of $69.26. The company has a market capitalization of $80.07 billion, a PE ratio of 54.69, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The firm’s 50 day moving average is $60.95 and its 200-day moving average is $80.87.

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

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.02% of the stock is currently owned by insiders.

Institutional Trading of Chipotle Mexican Grill

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. ZRC Wealth Management LLC increased its position in Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 384 shares during the period. Transcendent Capital Group LLC increased its position in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $32,000. 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.