Chipotle Mexican Grill (NYSE:CMG) Stock Price Expected to Rise, Barclays Analyst Says

Chipotle Mexican Grill (NYSE:CMG) had its price target hoisted by equities researchers at Barclays from $60.00 to $63.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential upside of 8.83% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Cowen raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Stock Down 0.2 %

CMG stock opened at $57.89 on Tuesday. The firm has a market cap of $78.88 billion, a price-to-earnings ratio of 53.88, a PEG ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill has a twelve month low of $44.49 and a twelve month high of $69.26. The business’s fifty day simple moving average is $60.94 and its two-hundred day simple moving average is $80.67.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. Research analysts expect that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. ZRC Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares during the period. Transcendent Capital Group LLC increased its stake in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth about $32,000. 91.31% of the stock is currently owned by hedge funds and other 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.