Deutsche Bank Aktiengesellschaft Increases Chipotle Mexican Grill (NYSE:CMG) Price Target to $1,724.00

Chipotle Mexican Grill (NYSE:CMGGet Rating) had its price objective hoisted by research analysts at Deutsche Bank Aktiengesellschaft from $1,696.00 to $1,724.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 16.83% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $2,100.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Friday, February 4th. Oppenheimer upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and set a $1,925.00 price target on the stock in a report on Friday, January 7th. Citigroup boosted their price target on Chipotle Mexican Grill from $1,900.00 to $1,926.00 in a report on Wednesday. William Blair restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Tuesday, February 8th. Finally, TheStreet upgraded Chipotle Mexican Grill from a “c+” rating to a “b” rating in a report on Monday, April 18th. Eight investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $1,948.82.

CMG stock opened at $1,475.63 on Thursday. The company has a market cap of $41.35 billion, a PE ratio of 64.38, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31. The business has a 50-day simple moving average of $1,525.01 and a 200 day simple moving average of $1,615.97. Chipotle Mexican Grill has a 52 week low of $1,277.41 and a 52 week high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its earnings results on Tuesday, April 26th. The restaurant operator reported $5.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.64 by $0.06. Chipotle Mexican Grill had a return on equity of 32.65% and a net margin of 8.65%. During the same period in the previous year, the firm earned $5.36 EPS. As a group, analysts anticipate that Chipotle Mexican Grill will post 31.54 EPS for the current fiscal year.

In other Chipotle Mexican Grill news, insider Marissa Andrada sold 1,456 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $1,480.76, for a total transaction of $2,155,986.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Confluence Wealth Services Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $27,000. James Reed Financial Services Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $27,000. Riverview Trust Co purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. Benjamin Edwards Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $28,000. Finally, Equitec Proprietary Markets LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $31,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill (Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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