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

Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by stock analysts at Citigroup from $69.00 to $70.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target indicates a potential upside of 22.23% from the company’s current price.

Several other equities research analysts also recently weighed in on CMG. Barclays decreased their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Stock Down 0.4 %

Shares of NYSE CMG opened at $57.27 on Wednesday. Chipotle Mexican Grill has a twelve month low of $47.98 and a twelve month high of $69.26. The firm has a fifty day simple moving average of $60.27 and a 200 day simple moving average of $57.84. The company has a market capitalization of $78.04 billion, a PE ratio of 53.31, a P/E/G ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, equities analysts expect that Chipotle Mexican Grill will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value 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. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vestmark Advisory Solutions Inc. increased its stake in shares of Chipotle Mexican Grill by 5.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 50,832 shares of the restaurant operator’s stock worth $3,065,000 after acquiring an additional 2,408 shares in the last quarter. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $31,000. Washington Trust Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 27.9% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,302 shares of the restaurant operator’s stock worth $79,000 after acquiring an additional 284 shares in the last quarter. Inceptionr LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $499,000. Finally, Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $315,220,000. 91.31% of the stock is currently owned by institutional investors.

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.