Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its price objective raised by analysts at Barclays from $55.00 to $60.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective suggests a potential upside of 5.63% from the company’s current price.
A number of other research firms have also issued reports on CMG. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. TD Cowen reaffirmed a “buy” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.62.
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Chipotle Mexican Grill Stock Down 6.1 %
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill will post 1.08 EPS for the current fiscal year.
Insider Transactions at Chipotle Mexican Grill
In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction 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 sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,684 shares of company stock valued at $2,817,127 over the last quarter. Company insiders own 1.02% of the company’s stock.
Institutional Investors Weigh In On Chipotle Mexican Grill
Hedge funds have recently bought and sold shares of the business. Moloney Securities Asset Management LLC raised its position in shares of Chipotle Mexican Grill by 11.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 9,618 shares of the restaurant operator’s stock valued at $554,000 after purchasing an additional 1,018 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $17,155,000. PDS Planning Inc increased its stake in shares of Chipotle Mexican Grill by 26.2% in the third quarter. PDS Planning Inc now owns 5,994 shares of the restaurant operator’s stock worth $345,000 after buying an additional 1,244 shares during the last quarter. Leeward Financial Partners LLC raised its holdings in Chipotle Mexican Grill by 38.2% in the third quarter. Leeward Financial Partners LLC now owns 7,669 shares of the restaurant operator’s stock valued at $442,000 after acquiring an additional 2,119 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Chipotle Mexican Grill by 190.6% during the 3rd quarter. QRG Capital Management Inc. now owns 51,393 shares of the restaurant operator’s stock valued at $2,961,000 after acquiring an additional 33,705 shares during the last quarter. 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.
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