Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target increased by Robert W. Baird from $58.00 to $62.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the restaurant operator's stock. Robert W. Baird's price objective indicates a potential upside of 8.48% from the company's current price.
Other equities analysts have also issued research reports about the stock. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. UBS Group reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.93.
Get Our Latest Stock Report on Chipotle Mexican Grill
Chipotle Mexican Grill Stock Performance
CMG stock traded up $0.39 during trading on Wednesday, hitting $57.16. 10,384,051 shares of the company's stock traded hands, compared to its average volume of 12,859,475. Chipotle Mexican Grill has a 52 week low of $44.46 and a 52 week high of $66.74. The business has a fifty day simple moving average of $52.07 and a 200 day simple moving average of $53.33. The stock has a market capitalization of $77.01 billion, a price-to-earnings ratio of 50.58, a P/E/G ratio of 2.83 and a beta of 1.08.
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, beating the consensus estimate 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 business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business earned $13.37 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.81% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $31,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. Finally, HighMark Wealth Management LLC increased its position in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.
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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