Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by Wedbush from $700.00 to $750.00 in a research report sent to investors on Thursday, The Fly reports. The firm currently has a neutral rating on the restaurant operator’s stock.
CMG has been the subject of a number of other reports. BMO Capital Markets restated a hold rating on shares of Royal Bank of Canada in a research report on Thursday, May 23rd. SunTrust Banks restated a hold rating and issued a $44.00 target price on shares of Shutterstock in a research report on Thursday, April 25th. Evercore ISI began coverage on Mondelez International in a research report on Tuesday, June 11th. They issued an outperform rating and a $62.00 target price for the company. BTIG Research upped their target price on ServiceNow to $295.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Finally, Loop Capital upped their target price on Norfolk Southern to $237.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $658.48.
CMG opened at $746.52 on Thursday. The firm has a market capitalization of $20.69 billion, a P/E ratio of 73.55, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.44 and a quick ratio of 1.41. Chipotle Mexican Grill has a 1-year low of $383.20 and a 1-year high of $765.99. The business has a 50 day moving average price of $725.48.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.39. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.13 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill will post 13.04 earnings per share for the current fiscal year.
In other Chipotle Mexican Grill news, insider Scott Boatwright sold 1,805 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $740.22, for a total transaction of $1,336,097.10. Following the sale, the insider now directly owns 8,869 shares of the company’s stock, valued at approximately $6,565,011.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Curtis E. Garner sold 9,276 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $738.02, for a total transaction of $6,845,873.52. Following the sale, the chief technology officer now directly owns 15,780 shares in the company, valued at $11,645,955.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,081 shares of company stock worth $66,273,971. Company insiders own 2.21% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. FMR LLC raised its stake in Chipotle Mexican Grill by 88.7% during the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after purchasing an additional 537,677 shares during the period. Jennison Associates LLC increased its stake in shares of Chipotle Mexican Grill by 6.6% in the first quarter. Jennison Associates LLC now owns 862,319 shares of the restaurant operator’s stock worth $612,514,000 after acquiring an additional 53,501 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Chipotle Mexican Grill by 42.3% in the fourth quarter. American Century Companies Inc. now owns 443,485 shares of the restaurant operator’s stock worth $191,492,000 after acquiring an additional 131,803 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 309,980 shares of the restaurant operator’s stock worth $133,605,000 after acquiring an additional 27,247 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $104,491,000. 95.04% of the stock is currently owned by institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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