BMO Capital Markets Upgrades Chipotle Mexican Grill (NYSE:CMG) to Outperform

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) was upgraded by equities researchers at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm presently has a $65.00 target price on the restaurant operator's stock, up from their previous target price of $56.00. BMO Capital Markets' price objective would suggest a potential upside of 20.64% from the company's current price.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird upped their target price on Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Nine equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.72.

Chipotle Mexican Grill Stock Performance

CMG stock traded up $0.34 during midday trading on Friday, reaching $53.88. 9,512,380 shares of the company were exchanged, compared to its average volume of 12,526,196. The company has a market cap of $72.60 billion, a price-to-earnings ratio of 47.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. Chipotle Mexican Grill has a 1-year low of $44.46 and a 1-year high of $66.74. The stock's 50-day simple moving average is $52.90 and its 200 day simple moving average is $52.89.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $13.37 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business'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 sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Large investors have recently made changes to their positions in the company. E. Ohman J or Asset Management AB increased its stake in shares of Chipotle Mexican Grill by 0.3% in the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator's stock valued at $3,326,000 after buying an additional 194 shares in the last quarter. Occidental Asset Management LLC grew its holdings in Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator's stock worth $407,000 after acquiring an additional 195 shares during the last quarter. Perennial Advisors LLC grew its holdings in Chipotle Mexican Grill by 3.1% during the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator's stock worth $374,000 after acquiring an additional 200 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc raised its stake in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Pine Haven Investment Counsel Inc now owns 37,111 shares of the restaurant operator's stock worth $2,084,000 after acquiring an additional 215 shares during 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.