Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $3,400.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price target upped by UBS Group from $2,900.00 to $3,400.00 in a research report report published on Thursday, Benzinga reports. UBS Group currently has a buy rating on the restaurant operator's stock.

CMG has been the subject of a number of other reports. Robert W. Baird reissued an outperform rating and issued a $2,650.00 target price on shares of Chipotle Mexican Grill in a report on Monday, January 22nd. TD Cowen reaffirmed a buy rating and set a $2,900.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the stock an outperform rating in a research note on Friday, January 5th. BMO Capital Markets lifted their price objective on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a market perform rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley lifted their price objective on shares of Chipotle Mexican Grill from $2,284.00 to $2,500.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Nine investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $2,702.22.

Chipotle Mexican Grill Stock Performance

CMG traded up $25.00 during trading on Thursday, reaching $2,990.69. 270,918 shares of the company traded hands, compared to its average volume of 233,497. Chipotle Mexican Grill has a 12-month low of $1,693.90 and a 12-month high of $3,023.98. The firm has a fifty day simple moving average of $2,729.20 and a 200 day simple moving average of $2,336.23. The company has a market cap of $82.00 billion, a P/E ratio of 67.60, a PEG ratio of 2.51 and a beta of 1.28.

Chipotle Mexican Grill's stock is going to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, June 25th.

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

Insider Transactions at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 750 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the sale, the director now owns 37,271 shares in the company, valued at $97,221,776.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Christopher W. Brandt sold 3,149 shares of the company'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 in the company, valued at $25,071,093.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Albert S. Baldocchi sold 750 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the sale, the director now owns 37,271 shares in the company, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,793 shares of company stock worth $18,321,152. Insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in 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 last quarter. Capital World Investors lifted its holdings in Chipotle Mexican Grill by 0.8% in the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator's stock valued at $2,575,057,000 after acquiring an additional 8,541 shares during the period. State Street Corp lifted its holdings in Chipotle Mexican Grill by 0.5% in the first quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator's stock valued at $1,781,678,000 after acquiring an additional 5,358 shares during the period. Geode Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 1.7% in the first quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator's stock valued at $963,779,000 after acquiring an additional 9,520 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in Chipotle Mexican Grill by 1.5% in the third quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator's stock valued at $934,147,000 after acquiring an additional 7,677 shares during the period. Hedge funds and other 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.