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

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target hoisted by research analysts at Barclays from $54.00 to $55.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the restaurant operator's stock. Barclays's price target points to a potential upside of 2.08% from the stock's previous close.

A number of other research analysts also recently commented on the stock. UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley lowered their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. TD Securities reaffirmed a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Robert W. Baird lifted their price target on Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Loop Capital lowered their price target on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $61.72.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded up $0.34 during mid-day trading on Thursday, reaching $53.88. 9,512,380 shares of the company traded hands, compared to its average volume of 12,600,755. The stock has a fifty day simple moving average of $52.82 and a 200-day simple moving average of $52.98. The firm has a market cap of $72.60 billion, a PE ratio of 47.68, a price-to-earnings-growth ratio of 2.65 and a beta of 1.08. Chipotle Mexican Grill has a fifty-two week low of $44.46 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $13.37 EPS. As a group, analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several large investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Chipotle Mexican Grill by 22.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Chipotle Mexican Grill by 100.5% in the fourth quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock valued at $422,000 after buying an additional 3,507 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 20.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 22,457 shares of the restaurant operator's stock valued at $1,354,000 after buying an additional 3,888 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Chipotle Mexican Grill by 21.5% during the 4th quarter. Advisors Asset Management Inc. now owns 56,910 shares of the restaurant operator's stock worth $3,432,000 after buying an additional 10,056 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.