Stephens Raises Chipotle Mexican Grill (NYSE:CMG) Price Target to $3,050.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective upped by Stephens from $3,010.00 to $3,050.00 in a report issued on Thursday morning, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Several other research analysts also recently weighed in on CMG. Evercore ISI boosted their target price on shares of Chipotle Mexican Grill from $2,900.00 to $3,200.00 and gave the company an outperform rating in a research note on Thursday, April 18th. Barclays boosted their price objective on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Argus lifted their target price on shares of Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a buy rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft increased their price target on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Finally, Wedbush upped their target price on Chipotle Mexican Grill from $2,850.00 to $3,200.00 and gave the company a neutral rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $3,137.12.

Chipotle Mexican Grill Trading Up 2.4 %

Shares of NYSE CMG opened at $3,186.97 on Thursday. The company’s 50-day moving average price is $2,822.95 and its 200 day moving average price is $2,430.22. Chipotle Mexican Grill has a 52 week low of $1,768.64 and a 52 week high of $3,199.99. The stock has a market cap of $87.55 billion, a price-to-earnings ratio of 68.01, a PEG ratio of 2.67 and a beta of 1.28.

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

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. As a group, research analysts expect that Chipotle Mexican Grill will post 55.08 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of Chipotle Mexican Grill

Several large investors have recently modified their holdings of CMG. IFP Advisors Inc boosted its holdings in Chipotle Mexican Grill by 13.6% in the third quarter. IFP Advisors Inc now owns 134 shares of the restaurant operator’s stock valued at $245,000 after purchasing an additional 16 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $203,000. DAVENPORT & Co LLC boosted its stake in shares of Chipotle Mexican Grill by 9.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 291 shares of the restaurant operator’s stock valued at $533,000 after buying an additional 25 shares during the last quarter. Meridian Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 291.2% during the third quarter. Meridian Wealth Management LLC now owns 442 shares of the restaurant operator’s stock worth $810,000 after buying an additional 329 shares in the last quarter. Finally, Caprock Group LLC increased its stake in shares of Chipotle Mexican Grill by 4.0% in the third quarter. Caprock Group LLC now owns 208 shares of the restaurant operator’s stock worth $381,000 after buying an additional 8 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.