Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $70.00 by Analysts at Stifel Nicolaus

Chipotle Mexican Grill (NYSE:CMGFree Report) had its price objective trimmed by Stifel Nicolaus from $3,270.00 to $70.00 in a research report report published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

CMG has been the subject of a number of other reports. BTIG Research increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the stock a buy rating in a research note on Thursday, April 25th. BMO Capital Markets boosted their price target on shares of Chipotle Mexican Grill from $48.00 to $57.00 and gave the stock a market perform rating in a research note on Thursday, April 25th. Sanford C. Bernstein raised their price objective on Chipotle Mexican Grill from $56.00 to $64.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. KeyCorp boosted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. Finally, TD Cowen cut their price target on Chipotle Mexican Grill from $3,600.00 to $72.00 and set a buy rating for the company in a report on Wednesday, June 26th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $64.46.

Read Our Latest Stock Report on CMG

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $57.49 on Tuesday. Chipotle Mexican Grill has a 1 year low of $35.37 and a 1 year high of $69.26. The firm has a fifty day moving average price of $127.74 and a 200-day moving average price of $79.16. The company has a market cap of $78.95 billion, a price-to-earnings ratio of 61.34, a PEG ratio of 2.50 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities research analysts expect that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 125,450 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.29, for a total value of $7,939,579.96. Following the completion of the sale, the insider now owns 54,250 shares of the company’s stock, valued at $3,433,417.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the completion of the transaction, the chief executive officer now owns 1,133,450 shares in the company, valued at approximately $72,221,620.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger E. Theodoredis sold 125,450 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.29, for a total value of $7,939,579.96. Following the sale, the insider now directly owns 54,250 shares of the company’s stock, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. Insiders have sold a total of 550,750 shares of company stock worth $35,023,769 in the last ninety days. 1.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMG. Byrne Asset Management LLC increased its holdings in Chipotle Mexican Grill by 11.8% in the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after buying an additional 4 shares during the period. Evermay Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 4 shares during the period. Peloton Wealth Strategists raised its holdings in shares of Chipotle Mexican Grill by 0.3% during the fourth 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. Hazlett Burt & Watson Inc. boosted its holdings in Chipotle Mexican Grill by 19.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after purchasing an additional 4 shares during the last quarter. Finally, 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 period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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