Chipotle Mexican Grill (NYSE:CMG) PT Raised to $1,825.00

Chipotle Mexican Grill (NYSE:CMGGet Rating) had its target price hoisted by analysts at Royal Bank of Canada from $1,800.00 to $1,825.00 in a research note issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective points to a potential upside of 18.59% from the stock’s current price.

A number of other research analysts have also weighed in on CMG. Jefferies Financial Group reduced their price target on Chipotle Mexican Grill from $1,710.00 to $1,530.00 and set a “hold” rating on the stock in a research note on Wednesday, April 27th. Oppenheimer reduced their price target on Chipotle Mexican Grill from $1,925.00 to $1,725.00 in a research note on Thursday, July 14th. BMO Capital Markets reduced their price target on Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a “market perform” rating on the stock in a research note on Wednesday. Cowen reduced their price target on Chipotle Mexican Grill from $1,950.00 to $1,830.00 in a research note on Wednesday, April 27th. Finally, Credit Suisse Group reduced their price target on Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 19th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,817.00.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $1,538.88 on Wednesday. Chipotle Mexican Grill has a 1 year low of $1,196.28 and a 1 year high of $1,958.55. The stock’s 50 day moving average price is $1,325.37 and its 200 day moving average price is $1,428.76. The firm has a market cap of $43.03 billion, a P/E ratio of 57.61, a PEG ratio of 1.83 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last posted its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 34.77% and a net margin of 9.28%. During the same period last year, the company posted $7.46 EPS. On average, research analysts predict that Chipotle Mexican Grill will post 31.1 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Curtis E. Garner sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $1,382.47, for a total value of $1,382,470.00. Following the completion of the transaction, the chief technology officer now directly owns 16,387 shares in the company, valued at $22,654,535.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Curtis E. Garner sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $1,382.47, for a total value of $1,382,470.00. Following the completion of the transaction, the chief technology officer now directly owns 16,387 shares in the company, valued at $22,654,535.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 48 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total value of $60,842.88. Following the completion of the transaction, the director now owns 927 shares of the company’s stock, valued at $1,175,028.12. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently bought and sold shares of the business. National Bank of Canada FI lifted its holdings in Chipotle Mexican Grill by 8.2% in the second quarter. National Bank of Canada FI now owns 4,957 shares of the restaurant operator’s stock worth $6,489,000 after acquiring an additional 376 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Chipotle Mexican Grill by 41.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 268 shares of the restaurant operator’s stock worth $350,000 after acquiring an additional 79 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Chipotle Mexican Grill by 7.5% in the second quarter. Park Avenue Securities LLC now owns 429 shares of the restaurant operator’s stock worth $561,000 after acquiring an additional 30 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Chipotle Mexican Grill by 32.6% during the second quarter. J.W. Cole Advisors Inc. now owns 187 shares of the restaurant operator’s stock valued at $244,000 after buying an additional 46 shares during the last quarter. Finally, Marion Wealth Management bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $264,000. Institutional investors own 89.85% of the company’s stock.

Chipotle Mexican Grill Company Profile

(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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