JPMorgan Chase & Co. Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,750.00

Chipotle Mexican Grill (NYSE:CMG) had its price target upped by JPMorgan Chase & Co. from $2,500.00 to $2,750.00 in a research report report published on Thursday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. Robert W. Baird boosted their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an outperform rating in a research note on Thursday. BTIG Research boosted their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the stock a buy rating in a research note on Thursday. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a buy rating in a research note on Monday, April 8th. Truist Financial boosted their price target on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Finally, Barclays boosted their price target 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 note on Wednesday, February 7th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $3,137.12.

Chipotle Mexican Grill Stock Performance

CMG opened at $3,186.97 on Thursday. Chipotle Mexican Grill has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,199.99. The firm’s fifty day moving average is $2,822.95 and its 200 day moving average is $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.

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

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

Insider Transactions at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 750 shares of the company’s 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 completion of 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction that occurred 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 sale, the insider now owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert S. Baldocchi sold 750 shares of the 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 transaction of $1,956,382.50. Following the sale, 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. In the last quarter, insiders sold 4,797 shares of company stock valued at $13,530,931. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steph & Co. purchased a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. ICA Group Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. Finally, Keener Financial Planning LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

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.