Chipotle Mexican Grill (NYSE:CMG) Rating Reiterated by Raymond James

Raymond James restated their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note released on Thursday, Benzinga reports. Raymond James currently has a $3,340.00 target price on the restaurant operator’s stock, up from their prior target price of $3,300.00.

Several other brokerages have also issued reports on CMG. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the company a hold rating in a report on Tuesday, April 16th. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a market perform rating in a report on Wednesday, February 7th. Oppenheimer reiterated an outperform rating and set a $3,300.00 price objective (up previously from $2,825.00) on shares of Chipotle Mexican Grill in a research note on Thursday. BTIG Research increased their price objective on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company a buy rating in a report on Thursday, March 28th. Finally, Citigroup raised their price target on Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a buy rating in a report on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $3,137.12.

Chipotle Mexican Grill Trading Up 2.4 %

Shares of CMG opened at $3,186.97 on Thursday. The firm has a market capitalization of $87.55 billion, a P/E ratio of 68.01, a P/E/G 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. The firm has a fifty day moving average price of $2,822.95 and a 200-day moving average price of $2,434.49.

Shares of Chipotle Mexican Grill are scheduled to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Analysts predict that Chipotle Mexican Grill will post 55.08 earnings per share for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares in the company, valued at $25,071,093.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction dated 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 completion of the transaction, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the transaction, the director now directly owns 37,271 shares of the company’s stock, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Insiders sold a total of 4,797 shares of company stock valued at $13,530,931 in the last three months. 0.96% of the stock is currently owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Chipotle Mexican Grill by 13.6% in the third quarter. IFP Advisors Inc now owns 134 shares of the restaurant operator’s stock valued at $245,000 after acquiring an additional 16 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $203,000. DAVENPORT & Co LLC increased its holdings in shares of Chipotle Mexican Grill by 9.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 291 shares of the restaurant operator’s stock worth $533,000 after buying an additional 25 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 291.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 442 shares of the restaurant operator’s stock valued at $810,000 after buying an additional 329 shares during the period. Finally, Caprock Group LLC grew its position in Chipotle Mexican Grill by 4.0% in the third quarter. Caprock Group LLC now owns 208 shares of the restaurant operator’s stock worth $381,000 after acquiring an additional 8 shares during the period. 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.