Chipotle Mexican Grill (NYSE:CMG) PT Raised to $2,700.00 at Jefferies Financial Group

Chipotle Mexican Grill (NYSE:CMG) had its price target boosted by equities researchers at Jefferies Financial Group from $2,350.00 to $2,700.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 6.92% from the stock’s current price.

CMG has been the subject of several other reports. Barclays increased 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. Piper Sandler raised their price objective on Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a “neutral” rating in a research report on Tuesday, January 16th. KeyCorp boosted their target price on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Robert W. Baird restated an “outperform” rating and set a $2,650.00 price target on shares of Chipotle Mexican Grill in a report on Monday, January 22nd. Finally, Morgan Stanley upped their price target on shares of Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Eleven 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 has a consensus rating of “Moderate Buy” and an average target price of $2,719.86.

Chipotle Mexican Grill Trading Down 1.4 %

NYSE:CMG opened at $2,900.71 on Tuesday. Chipotle Mexican Grill has a 12 month low of $1,768.64 and a 12 month high of $3,023.98. The company has a 50-day moving average price of $2,772.86 and a 200-day moving average price of $2,375.00. The stock has a market cap of $79.54 billion, a price-to-earnings ratio of 65.40, a P/E/G ratio of 2.51 and a beta of 1.28.

Chipotle Mexican Grill’s stock is set to split before the market opens 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 announced its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.63. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.29 EPS. Equities analysts forecast that Chipotle Mexican Grill will post 53.38 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction on 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 transaction, the insider now owns 8,563 shares in the company, valued at $25,071,093.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,793 shares of company stock valued at $18,321,152. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steph & Co. bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $29,000. Fortitude Family Office LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $32,000. Coppell Advisory Solutions LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $32,000. IMA Wealth Inc. boosted its stake in Chipotle Mexican Grill by 185.7% in the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 13 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. 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.