Chipotle Mexican Grill (NYSE:CMG) Price Target Increased to $3,250.00 by Analysts at KeyCorp

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price objective increased by equities research analysts at KeyCorp from $2,750.00 to $3,250.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the restaurant operator's stock. KeyCorp's price objective points to a potential upside of 11.16% from the company's current price.

CMG has been the subject of several other reports. Oppenheimer lifted their target price on Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an "outperform" rating in a research note on Friday, January 5th. Argus raised their price target on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft raised their price target on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Piper Sandler raised their price target on Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 16th. Finally, Sanford C. Bernstein raised their price target on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Nine research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $2,633.33.

Chipotle Mexican Grill Price Performance

Shares of CMG traded down $7.69 during mid-day trading on Tuesday, reaching $2,923.84. The company had a trading volume of 222,567 shares, compared to its average volume of 232,195. Chipotle Mexican Grill has a twelve month low of $1,664.71 and a twelve month high of $3,023.98. The company's 50-day moving average is $2,707.96 and its 200-day moving average is $2,324.41. The company has a market capitalization of $80.17 billion, a P/E ratio of 65.12, a P/E/G ratio of 2.49 and a beta of 1.28.

Chipotle Mexican Grill shares are going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, beating analysts' consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period last year, the firm posted $8.29 EPS. The business's revenue was up 15.4% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill will post 53.12 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the transaction, the insider now owns 8,563 shares of the company's stock, valued at $25,071,093.92. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Roger E. Theodoredis sold 898 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the sale, the insider now owns 1,529 shares in the company, valued at $4,009,420.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher W. Brandt sold 3,149 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now owns 8,563 shares of the company's stock, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator's stock valued at $6,191,334,000 after buying an additional 23,151 shares during the period. Capital World Investors lifted its stake in Chipotle Mexican Grill by 0.8% during the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator's stock worth $2,575,057,000 after purchasing an additional 8,541 shares during the last quarter. State Street Corp lifted its stake in Chipotle Mexican Grill by 0.5% during the first quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator's stock worth $1,781,678,000 after purchasing an additional 5,358 shares during the last quarter. Geode Capital Management LLC lifted its stake in Chipotle Mexican Grill by 1.7% during the first quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator's stock worth $963,779,000 after purchasing an additional 9,520 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in Chipotle Mexican Grill by 1.5% during the third quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator's stock worth $934,147,000 after purchasing an additional 7,677 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

About Chipotle Mexican Grill

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.