Chipotle Mexican Grill (NYSE:CMG) Price Target Increased to $3,369.00 by Analysts at Citigroup

Chipotle Mexican Grill (NYSE:CMG) had its price target upped by Citigroup from $3,358.00 to $3,369.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other research firms have also commented on CMG. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the company a market perform rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the company an overweight rating in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a buy rating in a research report on Thursday, April 11th. Argus lifted their price target on shares of Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a buy rating in a research report on Thursday, April 4th. Finally, BTIG Research boosted their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the stock a buy rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $3,137.12.

Chipotle Mexican Grill Trading Up 2.4 %

CMG stock opened at $3,186.97 on Thursday. The firm has a 50-day moving average of $2,822.95 and a two-hundred day moving average of $2,434.49. The firm has a market capitalization of $87.55 billion, a PE ratio of 68.01, a P/E/G ratio of 2.67 and a beta of 1.28. Chipotle Mexican Grill has a one year low of $1,768.64 and a one year high of $3,199.99.

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

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 12.70% and a return on equity of 43.74%. On average, equities research analysts anticipate that Chipotle Mexican Grill will post 55.08 earnings per share for the current year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 750 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly 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 the SEC website. Also, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the sale, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,797 shares of company stock worth $13,530,931. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of Chipotle Mexican Grill by 13.6% in the 3rd quarter. IFP Advisors Inc now owns 134 shares of the restaurant operator’s stock valued at $245,000 after acquiring an additional 16 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $203,000. DAVENPORT & Co LLC increased its stake in shares of Chipotle Mexican Grill by 9.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 291 shares of the restaurant operator’s stock valued at $533,000 after acquiring an additional 25 shares during the last quarter. Meridian Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 291.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 442 shares of the restaurant operator’s stock valued at $810,000 after acquiring an additional 329 shares during the last quarter. Finally, Caprock Group LLC increased its stake in shares of Chipotle Mexican Grill by 4.0% in the 3rd quarter. Caprock Group LLC now owns 208 shares of the restaurant operator’s stock valued at $381,000 after acquiring an additional 8 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

About Chipotle Mexican Grill

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.