Jefferies Financial Group Issues Positive Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by Jefferies Financial Group from $56.00 to $62.00 in a report released on Monday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on CMG. Royal Bank of Canada started coverage on Chipotle Mexican Grill in a research note on Friday, November 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Raymond James lifted their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Piper Sandler upped their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.36.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $64.79 on Monday. The firm has a market cap of $88.28 billion, a price-to-earnings ratio of 60.55, a PEG ratio of 2.64 and a beta of 1.27. The firm has a 50 day simple moving average of $60.36 and a 200-day simple moving average of $81.21. Chipotle Mexican Grill has a one year low of $44.08 and a one year high of $69.26.

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

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently modified their holdings of the company. Alpha DNA Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 168 shares during the period. Lecap Asset Management Ltd. grew its holdings in Chipotle Mexican Grill by 1.2% in the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after buying an additional 175 shares during the period. Connable Office Inc. increased its stake in shares of Chipotle Mexican Grill by 0.6% during the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of Chipotle Mexican Grill by 14.4% during the 3rd quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after acquiring an additional 180 shares during the period. Finally, CVA Family Office LLC grew its holdings in Chipotle Mexican Grill by 8.7% in the third quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock valued at $133,000 after purchasing an additional 185 shares during the period. 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.