Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 0.5% on Analyst Upgrade

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price traded up 0.5% during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $2,350.00 to $2,700.00. Jefferies Financial Group currently has a hold rating on the stock. Chipotle Mexican Grill traded as high as $2,982.90 and last traded at $2,973.00. 43,382 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 231,084 shares. The stock had previously closed at $2,957.60.

Several other brokerages have also recently issued reports on CMG. BTIG Research lifted their price objective on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Oppenheimer upped their price target on Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Wells Fargo & Company raised their price objective on Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Raymond James boosted their target price on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price target on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,719.86.

Insider Activity

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the company’s stock in a transaction dated 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 directly owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the transaction, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,793 shares of company stock worth $18,321,152. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Steph & Co. acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at about $29,000. Fortitude Family Office LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $32,000. Coppell Advisory Solutions LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $32,000. IMA Wealth Inc. boosted its position in shares of Chipotle Mexican Grill by 185.7% in the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 13 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $37,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.2 %

The business has a fifty day moving average of $2,768.10 and a 200 day moving average of $2,371.30. The firm has a market cap of $80.67 billion, a P/E ratio of 66.34, a P/E/G ratio of 2.53 and a beta of 1.28.

Chipotle Mexican Grill shares are scheduled to split on the morning of 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 quarterly earnings data 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 business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm earned $8.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 53.31 EPS for the current fiscal year.

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.