Chipotle Mexican Grill's (CMG) "Buy" Rating Reiterated at TD Cowen

TD Cowen restated their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG - Free Report) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $2,900.00 price objective on the restaurant operator's stock.

A number of other research firms also recently weighed in on CMG. Citigroup boosted their target price 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. Oppenheimer upped their price objective on shares of 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. Truist Financial lifted their target price on shares of 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. Morgan Stanley upped their price target 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. Finally, BTIG Research lifted their price objective on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock a buy rating in a report on Thursday, March 28th. Nine research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $2,633.33.

Chipotle Mexican Grill Trading Up 1.3 %

Shares of CMG traded up $39.38 during trading hours on Wednesday, reaching $2,966.34. 284,097 shares of the company's stock traded hands, compared to its average volume of 232,942. Chipotle Mexican Grill has a 12 month low of $1,693.88 and a 12 month high of $3,023.98. The stock has a market cap of $81.34 billion, a PE ratio of 66.29, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. The firm's 50 day simple moving average is $2,718.05 and its 200-day simple moving average is $2,331.79.

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 created shares will be payable to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS 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 business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the prior year, the firm earned $8.29 earnings per share. The firm's revenue was up 15.4% on a year-over-year basis. As a group, analysts expect that Chipotle Mexican Grill will post 53.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, CEO Brian R. Niccol sold 1,996 shares of the business's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the sale, the chief executive officer now directly owns 22,447 shares of the company's stock, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction dated 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 completion of the transaction, the insider now directly owns 8,563 shares of the company's stock, valued at $25,071,093.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the sale, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,793 shares of company stock valued at $18,321,152. Corporate insiders own 0.96% of the company's stock.

Institutional Trading of Chipotle Mexican Grill

Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in shares of Chipotle Mexican Grill by 5.0% in the 3rd quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator's stock worth $518,780,000 after buying an additional 13,513 shares during the last quarter. Covestor Ltd grew its stake in shares of Chipotle Mexican Grill by 9.2% during the 3rd quarter. Covestor Ltd now owns 95 shares of the restaurant operator's stock valued at $174,000 after purchasing an additional 8 shares during the period. NewEdge Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $205,000. Laidlaw Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 69.8% in the 3rd quarter. Laidlaw Wealth Management LLC now owns 270 shares of the restaurant operator's stock worth $495,000 after purchasing an additional 111 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 0.7% in the third quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator's stock worth $1,416,000 after buying an additional 5 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.