Chipotle Mexican Grill (NYSE:CMG) Stock Price Expected to Rise, Citigroup Analyst Says

Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by research analysts at Citigroup from $69.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target indicates a potential upside of 18.45% from the company’s current price.

CMG has been the topic of several other research reports. Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Loop Capital upped their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, TD Cowen upped their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.60.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $59.10 on Wednesday. The company has a market capitalization of $80.53 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a one year low of $47.98 and a one year high of $69.26. The company’s fifty day moving average price is $60.36 and its 200 day moving average price is $57.84.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Analysts anticipate that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently modified their holdings of CMG. Sanctuary Advisors LLC bought a new position in Chipotle Mexican Grill during the second quarter worth about $186,000. Czech National Bank increased its holdings in Chipotle Mexican Grill by 6.6% in the 3rd quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock valued at $16,075,000 after buying an additional 17,276 shares during the period. Mather Group LLC. raised its position in shares of Chipotle Mexican Grill by 4,408.4% in the 3rd quarter. Mather Group LLC. now owns 12,398 shares of the restaurant operator’s stock valued at $714,000 after buying an additional 12,123 shares in the last quarter. Kesler Norman & Wride LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $708,000. Finally, Axiom Advisory LLC boosted its position in shares of Chipotle Mexican Grill by 1,423.8% during the 3rd quarter. Axiom Advisory LLC now owns 9,600 shares of the restaurant operator’s stock worth $531,000 after acquiring an additional 8,970 shares in the last quarter. Institutional investors and hedge funds 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.