Chipotle Mexican Grill (NYSE:CMG) Stock Price Expected to Rise, Truist Financial Analyst Says

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target increased by equities researchers at Truist Financial from $63.00 to $64.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. Truist Financial's target price would suggest a potential upside of 14.29% from the company's current price.

A number of other brokerages have also weighed in on CMG. Loop Capital lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Barclays raised their price objective on Chipotle Mexican Grill from $52.00 to $54.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, TD Securities reissued a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.04.

Chipotle Mexican Grill Trading Up 1.0%

Shares of Chipotle Mexican Grill stock traded up $0.55 on Wednesday, hitting $56.00. 8,638,628 shares of the company traded hands, compared to its average volume of 12,740,260. Chipotle Mexican Grill has a 12-month low of $44.46 and a 12-month high of $66.74. The firm's 50-day simple moving average is $52.26 and its 200 day simple moving average is $53.24. The company has a market cap of $75.45 billion, a P/E ratio of 49.56, a P/E/G ratio of 2.75 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $13.37 earnings per share. Analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Chipotle Mexican Grill by 100.5% during the 4th quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock valued at $422,000 after purchasing an additional 3,507 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Chipotle Mexican Grill by 54.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 7,668 shares of the restaurant operator's stock valued at $462,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Davis R M Inc. lifted its stake in shares of Chipotle Mexican Grill by 10.9% in the 4th quarter. Davis R M Inc. now owns 6,653 shares of the restaurant operator's stock worth $401,000 after purchasing an additional 653 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.