Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $1,750.00 at Stifel Nicolaus

Chipotle Mexican Grill (NYSE:CMGGet Rating) had its price target upped by Stifel Nicolaus from $1,550.00 to $1,750.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other research analysts have also recently weighed in on the company. Robert W. Baird restated an outperform rating and set a $1,800.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday. Citigroup boosted their target price on Chipotle Mexican Grill from $1,742.00 to $1,969.00 and gave the stock a buy rating in a report on Wednesday, July 27th. TheStreet upgraded Chipotle Mexican Grill from a c+ rating to a b rating in a report on Monday, April 18th. Barclays boosted their target price on Chipotle Mexican Grill from $1,335.00 to $1,400.00 and gave the stock an equal weight rating in a report on Wednesday, July 27th. Finally, Credit Suisse Group decreased their price objective on Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an outperform rating on the stock in a report on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of Moderate Buy and a consensus target price of $1,831.75.

Chipotle Mexican Grill Trading Down 0.0 %

NYSE:CMG opened at $1,584.33 on Tuesday. Chipotle Mexican Grill has a 12 month low of $1,196.28 and a 12 month high of $1,958.55. The stock has a 50 day moving average of $1,352.58 and a two-hundred day moving average of $1,430.16. The firm has a market cap of $43.99 billion, a P/E ratio of 59.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.32.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, topping the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 35.14% and a net margin of 9.28%. During the same quarter last year, the company posted $7.46 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill will post 32.47 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, CTO Curtis E. Garner sold 3,300 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $1,526.90, for a total transaction of $5,038,770.00. Following the sale, the chief technology officer now owns 12,321 shares of the company’s stock, valued at $18,812,934.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Roger E. Theodoredis sold 1,636 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the sale, the insider now owns 5,258 shares of the company’s stock, valued at approximately $8,062,827.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Curtis E. Garner sold 3,300 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,526.90, for a total value of $5,038,770.00. Following the sale, the chief technology officer now directly owns 12,321 shares in the company, valued at approximately $18,812,934.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,767 shares of company stock valued at $11,690,182. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently made changes to their positions in CMG. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $449,935,000. BlackRock Inc. raised its position in shares of Chipotle Mexican Grill by 9.7% during the 4th quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant operator’s stock worth $3,442,615,000 after acquiring an additional 173,771 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Chipotle Mexican Grill by 1,388.3% during the 1st quarter. Brown Advisory Inc. now owns 165,070 shares of the restaurant operator’s stock worth $261,281,000 after acquiring an additional 153,979 shares in the last quarter. Capital International Investors raised its position in shares of Chipotle Mexican Grill by 17.7% during the 1st quarter. Capital International Investors now owns 884,040 shares of the restaurant operator’s stock worth $1,398,438,000 after acquiring an additional 133,080 shares in the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth approximately $81,000. Institutional investors and hedge funds own 89.85% of the company’s stock.

About Chipotle Mexican Grill

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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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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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