Oppenheimer Reiterates “Outperform” Rating for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $3,300.00 price target on the restaurant operator’s stock, up from their prior price target of $2,825.00. Oppenheimer’s price objective suggests a potential upside of 3.47% from the company’s previous close.

Other research analysts have also recently issued reports about the company. TD Cowen raised their target price on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird raised their target price on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI raised their target price on Chipotle Mexican Grill from $2,900.00 to $3,200.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Morgan Stanley lifted their price objective on Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Finally, KeyCorp lifted their price objective on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,137.12.

Chipotle Mexican Grill Trading Up 2.5 %

CMG opened at $3,189.40 on Thursday. Chipotle Mexican Grill has a 1-year low of $1,768.64 and a 1-year high of $3,199.99. The stock has a market capitalization of $87.60 billion, a price-to-earnings ratio of 68.06, a P/E/G ratio of 2.48 and a beta of 1.28. The business has a 50 day moving average of $2,822.95 and a 200-day moving average of $2,426.07.

Chipotle Mexican Grill’s stock is set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, beating the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 45.46% and a net margin of 12.70%. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Equities analysts predict that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 22,447 shares in the company, valued at $53,870,779.77. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction dated 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 transaction, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,793 shares of company stock worth $18,321,152. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steph & Co. bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $37,000. ICA Group Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth approximately $38,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.