Chipotle Mexican Grill (NYSE:CMG) Given New $1,724.00 Price Target at Deutsche Bank Aktiengesellschaft

Chipotle Mexican Grill (NYSE:CMGGet Rating) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $1,696.00 to $1,724.00 in a report published on Thursday morning, The Fly reports.

CMG has been the subject of several other reports. Cowen reduced their price objective on Chipotle Mexican Grill from $1,950.00 to $1,830.00 in a research note on Wednesday. BMO Capital Markets cut their price target on Chipotle Mexican Grill from $1,750.00 to $1,700.00 and set a market perform rating for the company in a research note on Wednesday. Gordon Haskett upgraded Chipotle Mexican Grill from a hold rating to a buy rating and cut their price target for the stock from $1,800.00 to $1,750.00 in a research note on Wednesday, January 26th. Royal Bank of Canada cut their price target on Chipotle Mexican Grill from $2,100.00 to $2,000.00 and set an outperform rating for the company in a research note on Friday, February 4th. Finally, Jefferies Financial Group cut their price target on Chipotle Mexican Grill from $1,710.00 to $1,530.00 and set a hold rating for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of Buy and an average price target of $1,948.82.

NYSE CMG opened at $1,500.82 on Thursday. The business’s fifty day moving average price is $1,524.56 and its 200-day moving average price is $1,614.01. The stock has a market capitalization of $42.05 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 2.41 and a beta of 1.31. Chipotle Mexican Grill has a 1-year low of $1,277.41 and a 1-year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The restaurant operator reported $5.70 EPS for the quarter, topping the 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 last year, the business posted $5.36 earnings per share. As a group, analysts expect that Chipotle Mexican Grill will post 31.54 EPS for the current fiscal year.

In related news, insider Marissa Andrada sold 1,456 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $1,480.76, for a total value of $2,155,986.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CMG. Norges Bank bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $449,935,000. Allspring Global Investments Holdings LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $418,668,000. BlackRock Inc. lifted its stake in Chipotle Mexican Grill by 9.7% in the fourth quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant operator’s stock worth $3,442,615,000 after purchasing an additional 173,771 shares during the last quarter. Capital World Investors lifted its stake in Chipotle Mexican Grill by 16.3% in the fourth quarter. Capital World Investors now owns 841,133 shares of the restaurant operator’s stock worth $1,470,511,000 after purchasing an additional 117,699 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Chipotle Mexican Grill by 8,321.5% in the third quarter. Two Sigma Investments LP now owns 82,215 shares of the restaurant operator’s stock worth $149,427,000 after purchasing an additional 83,215 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

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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