Brokerages Set Chipotle Mexican Grill, Inc. (NYSE:CMG) PT at $2,720.59

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2,719.86.

CMG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Morgan Stanley raised their price target on shares of Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. BMO Capital Markets boosted their price objective 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. Robert W. Baird reiterated an “outperform” rating and set a $2,650.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, January 22nd. Finally, Piper Sandler lifted their target price on Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a “neutral” rating in a research note on Tuesday, January 16th.

Insider Activity

In related news, 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 transaction of $1,956,382.50. Following the transaction, the director now directly owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the completion of the sale, the director now directly owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the sale, the insider now owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The disclosure for this sale can be found here. Insiders sold a total of 6,793 shares of company stock worth $18,321,152 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently modified their holdings of the stock. Trilogy Capital Inc. acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $360,000. New Mexico Educational Retirement Board lifted its stake in Chipotle Mexican Grill by 13.9% during the first quarter. New Mexico Educational Retirement Board now owns 1,638 shares of the restaurant operator’s stock valued at $4,761,000 after buying an additional 200 shares in the last quarter. Fox Hill Wealth Management boosted its holdings in shares of Chipotle Mexican Grill by 12.3% in the first quarter. Fox Hill Wealth Management now owns 513 shares of the restaurant operator’s stock worth $1,491,000 after buying an additional 56 shares during the period. Toth Financial Advisory Corp increased its position in shares of Chipotle Mexican Grill by 79.3% in the first quarter. Toth Financial Advisory Corp now owns 242 shares of the restaurant operator’s stock worth $703,000 after acquiring an additional 107 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $102,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.4 %

Shares of NYSE CMG opened at $2,900.71 on Monday. Chipotle Mexican Grill has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,023.98. The business has a 50 day moving average price of $2,772.86 and a two-hundred day moving average price of $2,375.00. The firm has a market cap of $79.54 billion, a PE ratio of 65.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28.

Chipotle Mexican Grill’s stock is scheduled 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 market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share 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 during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the firm earned $8.29 EPS. The company’s revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill will post 53.38 earnings per share for the current year.

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.