Chipotle Mexican Grill (NYSE:CMG) Coverage Initiated at Melius

Melius assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG - Get Free Report) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set a "hold" rating and a $60.00 price target on the restaurant operator's stock. Melius' price target points to a potential upside of 9.28% from the company's previous close.

Other research analysts have also issued reports about the company. KeyCorp dropped their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Loop Capital dropped their price target on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus lowered their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Ten investment 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.21.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $54.91 on Monday. The stock's 50-day moving average is $52.58 and its 200-day moving average is $53.06. The company has a market cap of $73.98 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08. Chipotle Mexican Grill has a 12 month low of $44.46 and a 12 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $13.37 EPS. Research analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction on 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 completion of the transaction, the insider directly owned 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 is accessible through the SEC website. Insiders own 1.02% of the company's stock.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of CMG. Revolve Wealth Partners LLC raised its stake in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Chipotle Mexican Grill by 22.5% in 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 buying an additional 279,267 shares in the last quarter. Proficio Capital Partners LLC raised its stake in 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 worth $422,000 after buying an additional 3,507 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 7,061 shares of the restaurant operator's stock valued at $426,000 after purchasing an additional 912 shares in the last quarter. Finally, Choate Investment Advisors boosted its position in shares of Chipotle Mexican Grill by 5.0% in the 4th quarter. Choate Investment Advisors now owns 21,231 shares of the restaurant operator's stock worth $1,280,000 after purchasing an additional 1,002 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.