Evercore ISI Increases Chipotle Mexican Grill (NYSE:CMG) Price Target to $3,200.00

Chipotle Mexican Grill (NYSE:CMG) had its price target raised by analysts at Evercore ISI from $2,900.00 to $3,200.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Evercore ISI’s price objective would suggest a potential upside of 11.50% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Argus increased their price target on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Sanford C. Bernstein upped their price objective on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Truist Financial lifted their target price on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,759.14.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $2,870.07 on Thursday. The business’s 50 day moving average price is $2,783.24 and its 200 day moving average price is $2,385.67. The company has a market cap of $78.70 billion, a price-to-earnings ratio of 64.71, a PEG ratio of 2.46 and a beta of 1.28. Chipotle Mexican Grill has a one year low of $1,768.64 and a one year high of $3,023.98.

Chipotle Mexican Grill shares are set to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm earned $8.29 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill will post 53.36 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, the director now directly owns 37,271 shares of the company’s stock, valued at approximately $97,221,776.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value 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 approximately $97,221,776.21. The sale was disclosed in a legal filing 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 value of $2,354,780.50. Following the transaction, the insider now 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 sold 6,793 shares of company stock worth $18,321,152. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Chipotle Mexican Grill

Large investors have recently bought and sold shares of the business. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $29,000. Fortitude Family Office LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $32,000. Coppell Advisory Solutions LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $32,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $37,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.