Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 0.1% Following Analyst Upgrade

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) traded up 0.1% on Wednesday after KeyCorp raised their price target on the stock from $2,750.00 to $3,250.00. KeyCorp currently has an overweight rating on the stock. Chipotle Mexican Grill traded as high as $2,929.82 and last traded at $2,929.82. 40,692 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 229,340 shares. The stock had previously closed at $2,926.96.

Several other research analysts have also recently weighed in on CMG. Argus boosted their price objective on shares of 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. Morgan Stanley upped their target price on shares of Chipotle Mexican Grill from $2,284.00 to $2,500.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a "market perform" rating in a research report on Wednesday, February 7th. Sanford C. Bernstein upped their target price on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Finally, Wedbush upped their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the company a "neutral" rating in a research report on Friday, March 22nd. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $2,633.33.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the transaction, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Roger E. Theodoredis sold 898 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the sale, the insider now directly owns 1,529 shares of the company's stock, valued at approximately $4,009,420.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of 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. Insiders sold a total of 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

Institutional investors and hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $32,000. Coppell Advisory Solutions LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $32,000. IMA Wealth Inc. raised its holdings in Chipotle Mexican Grill by 185.7% in the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 13 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $37,000. Finally, ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $37,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

The stock has a market capitalization of $81.34 billion, a P/E ratio of 66.88, a PEG ratio of 2.51 and a beta of 1.28. The company's fifty day simple moving average is $2,718.05 and its two-hundred day simple moving average is $2,331.79.

Shares of Chipotle Mexican Grill are going to split before the market opens 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 closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same period last year, the firm earned $8.29 earnings per share. The business's revenue for the quarter was up 15.4% on a year-over-year basis. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 53.12 earnings per share for the current fiscal year.

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.