Chipotle Mexican Grill (NYSE:CMG) PT Raised to $2,700.00 at Jefferies Financial Group

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target upped by equities researchers at Jefferies Financial Group from $2,350.00 to $2,700.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "hold" rating on the restaurant operator's stock. Jefferies Financial Group's price objective points to a potential downside of 8.23% from the company's current price.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Truist Financial raised their price objective on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Citigroup raised their price objective on Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. KeyCorp lifted their target price on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company an "overweight" rating in a research report on Tuesday, April 9th. Finally, Barclays boosted their price objective on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,719.86.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded up $5.48 on Tuesday, reaching $2,942.11. 160,246 shares of the stock traded hands, compared to its average volume of 232,320. The company has a fifty day moving average price of $2,768.10 and a 200-day moving average price of $2,371.30. The company has a market cap of $80.67 billion, a price-to-earnings ratio of 66.34, a PEG ratio of 2.53 and a beta of 1.28. Chipotle Mexican Grill has a 12 month low of $1,738.66 and a 12 month high of $3,023.98.

Chipotle Mexican Grill shares are set to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.63. The business had revenue of $2.52 billion for 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 company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.29 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill will post 53.31 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Christopher W. Brandt sold 3,149 shares of the firm's stock in a transaction 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 sale, the insider now owns 8,563 shares of the company's stock, valued at approximately $25,071,093.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction dated 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 $25,071,093.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Albert S. Baldocchi sold 750 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, the director now owns 37,271 shares of the company's stock, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock worth $18,321,152 in the last three months. Insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Steph & Co. acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth $29,000. Fortitude Family Office LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $32,000. Coppell Advisory Solutions LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $32,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $37,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $37,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.