Chipotle Mexican Grill (NYSE:CMG) Given New $54.00 Price Target at Barclays

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price hoisted by investment analysts at Barclays from $52.00 to $54.00 in a research report issued 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 downside of 1.88% from the stock's current price.

CMG has been the subject of several other research reports. Royal Bank Of Canada reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stephens reissued an "equal weight" rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.71.

Chipotle Mexican Grill Trading Up 1.4%

Chipotle Mexican Grill stock traded up $0.77 during mid-day trading on Thursday, reaching $55.04. The company's stock had a trading volume of 14,968,245 shares, compared to its average volume of 12,865,989. The firm has a market cap of $74.15 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 2.73 and a beta of 1.06. The business has a 50 day moving average price of $51.23 and a 200-day moving average price of $53.49. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.88 billion during 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 firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $13.37 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after acquiring an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after buying an additional 4,027,016 shares during the period. Alliancebernstein L.P. raised its holdings in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock worth $1,632,092,000 after buying an additional 2,404,798 shares during the period. Geode Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares during the period. Finally, American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 2.1% during the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after buying an additional 425,648 shares during the period. 91.31% of the stock is currently owned by institutional investors.

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.