Evercore ISI Raises Chipotle Mexican Grill (NYSE:CMG) Price Target to $3,600.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective upped by Evercore ISI from $3,200.00 to $3,600.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Several other research analysts also recently weighed in on CMG. Raymond James boosted their price target on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an outperform rating in a report on Thursday, January 25th. Argus upped their target price on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a buy rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft raised their price target on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. BTIG Research upped their price objective on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company a buy rating in a research note on Thursday, March 28th. Finally, Barclays raised their target price on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $3,137.12.

Chipotle Mexican Grill Trading Up 2.4 %

CMG stock opened at $3,186.97 on Thursday. The company’s 50-day moving average price is $2,822.95 and its 200 day moving average price is $2,434.49. Chipotle Mexican Grill has a 52 week low of $1,768.64 and a 52 week high of $3,199.99. The company has a market cap 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 shares are scheduled to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be issued 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 for the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. On average, equities research analysts expect that Chipotle Mexican Grill will post 55.08 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the company’s 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 value of $2,354,780.50. Following the transaction, the insider now directly owns 1,529 shares of the company’s stock, valued at approximately $4,009,420.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 1,529 shares of the company’s stock, valued at approximately $4,009,420.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,797 shares of company stock valued at $13,530,931. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Chipotle Mexican Grill by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after purchasing an additional 23,151 shares during the last quarter. Capital World Investors raised its stake in Chipotle Mexican Grill by 0.8% during the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock worth $2,575,057,000 after acquiring an additional 8,541 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Chipotle Mexican Grill by 1.5% in the third quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock worth $934,147,000 after acquiring an additional 7,677 shares during the last quarter. FMR LLC boosted its stake in Chipotle Mexican Grill by 5.9% in the third quarter. FMR LLC now owns 449,942 shares of the restaurant operator’s stock valued at $824,217,000 after acquiring an additional 24,991 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Chipotle Mexican Grill by 3.5% during the third quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock valued at $732,552,000 after purchasing an additional 13,482 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

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.