Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,600.00 at Deutsche Bank Aktiengesellschaft

Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by Deutsche Bank Aktiengesellschaft from $3,400.00 to $3,600.00 in a report released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a market perform rating in a report on Wednesday, February 7th. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Oppenheimer restated an outperform rating and issued a $3,300.00 target price (up previously from $2,825.00) on shares of Chipotle Mexican Grill in a report on Thursday. Stephens raised their target price on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an equal weight rating in a report on Thursday. Finally, UBS Group raised their target price on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a buy rating in a report on Thursday. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $3,137.12.

Chipotle Mexican Grill Stock Up 2.4 %

Shares of NYSE:CMG opened at $3,186.97 on Thursday. Chipotle Mexican Grill has a 52 week low of $1,768.64 and a 52 week high of $3,199.99. The stock has a market capitalization of $87.55 billion, a P/E ratio of 68.01, a PEG ratio of 2.67 and a beta of 1.28. The firm has a fifty day simple moving average of $2,822.95 and a two-hundred day simple moving average of $2,434.49.

Chipotle Mexican Grill’s stock is scheduled to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. The business 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, analysts expect that Chipotle Mexican Grill will post 55.08 earnings per share for the current year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the sale, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Albert S. Baldocchi sold 750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, insider Roger E. Theodoredis sold 898 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the transaction, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,797 shares of company stock worth $13,530,931. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Byrne Asset Management LLC grew its position in Chipotle Mexican Grill by 11.8% during the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 4 shares during the last quarter. Evermay Wealth Management LLC grew its position in Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after purchasing an additional 4 shares during the last quarter. Peloton Wealth Strategists grew its position in Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after purchasing an additional 4 shares during the last quarter. Diversified Trust Co grew its position in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after purchasing an additional 4 shares during the last quarter. Finally, Valley National Advisers Inc. grew its position in Chipotle Mexican Grill by 9.8% during the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 4 shares during the last quarter. Hedge funds and other institutional investors 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.