Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price lifted by stock analysts at Citigroup from $65.00 to $68.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the restaurant operator's stock. Citigroup's price objective points to a potential upside of 21.43% from the stock's current price.
Other equities research analysts have also recently issued research reports about the stock. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Royal Bank Of Canada cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Morgan Stanley cut their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, TD Securities reaffirmed a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.
Check Out Our Latest Analysis on CMG
Chipotle Mexican Grill Stock Down 0.7%
Shares of Chipotle Mexican Grill stock traded down $0.41 during trading on Thursday, reaching $56.00. The company's stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,674,862. The business's 50-day moving average price is $52.58 and its 200-day moving average price is $53.12. The firm has a market cap of $75.45 billion, a PE ratio of 49.56, a P/E/G ratio of 2.77 and a beta of 1.08. Chipotle Mexican Grill has a 52 week low of $44.46 and a 52 week high of $66.74.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results 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 company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.37 earnings per share. Equities analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.
Insider Activity
In related news, insider Roger E. Theodoredis sold 113,875 shares of the 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 transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Chipotle Mexican Grill
A number of large investors have recently modified their holdings of CMG. Vinva Investment Management Ltd lifted its stake in Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after acquiring an additional 21,864 shares in the last quarter. Community Trust & Investment Co. bought a new position in Chipotle Mexican Grill during the 1st quarter valued at $7,773,000. Headlands Technologies LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $488,000. Valicenti Advisory Services Inc. bought a new position in Chipotle Mexican Grill during the 1st quarter valued at $3,317,000. Finally, Interval Partners LP bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $51,811,000. 91.31% of the stock is currently owned by institutional investors.
About Chipotle Mexican Grill
(
Get Free Report)
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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