UBS Group Increases Chipotle Mexican Grill (NYSE:CMG) Price Target to $65.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price objective boosted by UBS Group from $60.00 to $65.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a buy rating on the restaurant operator's stock.

Several other equities research analysts have also issued reports on CMG. Royal Bank Of Canada decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target on the stock. Morgan Stanley decreased their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.41.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded up $0.14 during mid-day trading on Thursday, reaching $53.52. 10,966,745 shares of the company's stock were exchanged, compared to its average volume of 12,613,089. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $66.74. The firm has a market capitalization of $72.11 billion, a PE ratio of 47.37, a price-to-earnings-growth ratio of 2.65 and a beta of 1.08. The business's fifty day simple moving average is $52.82 and its two-hundred day simple moving average is $52.98.

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

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vinva Investment Management Ltd increased its stake in Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after purchasing an additional 21,864 shares during the period. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill in the first quarter worth $7,773,000. Headlands Technologies LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $488,000. Valicenti Advisory Services Inc. purchased a new stake in Chipotle Mexican Grill in the first quarter worth $3,317,000. Finally, Interval Partners LP purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $51,811,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

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.