Chipotle Mexican Grill (NYSE:CMG) PT Raised to $2,986.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price target boosted by Morgan Stanley from $2,500.00 to $2,986.00 in a research note released on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the restaurant operator's stock.

Several other research analysts have also recently commented on the company. Wedbush boosted their price target on Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a neutral rating in a research note on Friday, March 22nd. Truist Financial upped their target price on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the company a buy rating in a report on Wednesday, February 7th. Stephens assumed coverage on Chipotle Mexican Grill in a report on Friday. They set an equal weight rating and a $3,010.00 target price for the company. BMO Capital Markets upped their target price on Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a market perform rating in a report on Wednesday, February 7th. Finally, Piper Sandler upped their target price on Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a neutral rating in a report on Tuesday, January 16th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $2,720.59.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of NYSE:CMG traded down $32.68 during midday trading on Friday, reaching $2,958.01. The company's stock had a trading volume of 255,215 shares, compared to its average volume of 233,805. The firm has a market cap of $81.11 billion, a price-to-earnings ratio of 66.70, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. Chipotle Mexican Grill has a 1 year low of $1,706.14 and a 1 year high of $3,023.98. The business has a 50 day moving average price of $2,749.70 and a 200 day moving average price of $2,348.40.

Chipotle Mexican Grill's stock is set to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be distributed 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 EPS for the quarter, beating analysts' consensus estimates of $9.73 by $0.63. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The business's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.29 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill will post 53.12 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 898 shares of Chipotle Mexican Grill stock in a transaction dated 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 sale, the insider now directly owns 1,529 shares of the company's stock, valued at $4,009,420.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of Chipotle Mexican Grill 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 sale, the insider now directly owns 1,529 shares of the company's stock, valued at $4,009,420.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now directly owns 8,563 shares in the company, valued at $25,071,093.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,793 shares of company stock worth $18,321,152. Company insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Evermay Wealth Management LLC raised its position in Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator's stock worth $528,000 after purchasing an additional 4 shares during the last quarter. Peloton Wealth Strategists raised its position in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator's stock worth $3,318,000 after purchasing an additional 4 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Chipotle Mexican Grill by 1.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 382 shares of the restaurant operator's stock worth $700,000 after purchasing an additional 5 shares during the last quarter. Clearstead Advisors LLC raised its position in Chipotle Mexican Grill by 0.7% in the 3rd quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator's stock worth $1,416,000 after purchasing an additional 5 shares during the last quarter. Finally, Horizon Bancorp Inc. IN raised its position in Chipotle Mexican Grill by 5.2% in the 4th quarter. Horizon Bancorp Inc. IN now owns 101 shares of the restaurant operator's stock worth $231,000 after purchasing an additional 5 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.