Barclays Raises Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,865.00

Chipotle Mexican Grill (NYSE:CMG) had its target price increased by Barclays from $2,400.00 to $2,865.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the company. TD Cowen upped their price target on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a buy rating in a report on Thursday. Morgan Stanley increased their target price on Chipotle Mexican Grill from $2,986.00 to $3,100.00 and gave the stock an equal weight rating in a report on Thursday. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a hold rating in a report on Tuesday, April 16th. Robert W. Baird increased their target price on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an outperform rating in a report on Thursday. Finally, Sanford C. Bernstein increased their target price on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of Moderate Buy and a consensus price target of $3,137.12.

Chipotle Mexican Grill Stock Up 2.4 %

Chipotle Mexican Grill stock opened at $3,186.97 on Thursday. The business has a 50 day moving average price of $2,822.95 and a two-hundred day moving average price of $2,434.49. The stock has a market cap of $87.55 billion, a price-to-earnings ratio of 68.01, a price-to-earnings-growth ratio of 2.67 and a beta of 1.28. Chipotle Mexican Grill has a 12 month low of $1,768.64 and a 12 month high of $3,199.99.

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

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating the consensus estimate of $11.63 by $1.74. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. On average, analysts expect that Chipotle Mexican Grill will post 55.08 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the transaction, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Albert S. Baldocchi sold 750 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the sale, the director now owns 37,271 shares of the company’s stock, valued at approximately $97,221,776.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold 4,797 shares of company stock worth $13,530,931 in the last three months. Insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently added to or reduced their stakes in the business. Steph & Co. acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $37,000. ICA Group Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.