Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $69.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by Oppenheimer from $65.00 to $69.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other equities analysts also recently issued reports on CMG. Royal Bank of Canada increased their price target on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. TD Cowen boosted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Trading Down 0.2 %

Shares of CMG opened at $57.89 on Tuesday. The stock’s 50 day moving average is $60.98 and its two-hundred day moving average is $80.51. Chipotle Mexican Grill has a twelve month low of $44.49 and a twelve month high of $69.26. The firm has a market capitalization of $78.88 billion, a PE ratio of 53.88, a P/E/G ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. On average, sell-side analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Chipotle Mexican Grill by 4,900.0% in 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 raised its holdings in Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Chipotle Mexican Grill during the second quarter valued at approximately $31,000. Transcendent Capital Group LLC grew its stake in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $32,000. 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.