Chipotle Mexican Grill (NYSE:CMG) Given New $64.00 Price Target at KeyCorp

Chipotle Mexican Grill (NYSE:CMG) had its price target lowered by KeyCorp from $66.00 to $64.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

A number of other research analysts also recently issued reports on CMG. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price target for the company from $59.00 to $73.00 in a report on Wednesday. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $57.54 on Wednesday. The company has a 50-day simple moving average of $60.36 and a two-hundred day simple moving average of $57.84. The stock has a market capitalization of $78.41 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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 research analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill 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 completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently made changes to their positions in CMG. SRS Capital Advisors Inc. grew its position in shares of Chipotle Mexican Grill by 796.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 24,541 shares of the restaurant operator’s stock worth $1,480,000 after purchasing an additional 21,804 shares in the last quarter. Bailard Inc. bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $514,000. Smartleaf Asset Management LLC grew its holdings in Chipotle Mexican Grill by 67.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,645 shares of the restaurant operator’s stock valued at $459,000 after buying an additional 3,084 shares in the last quarter. Keynote Financial Services LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $203,000. Finally, Mitchell Capital Management Co. lifted its holdings in shares of Chipotle Mexican Grill by 0.7% in the fourth quarter. Mitchell Capital Management Co. now owns 102,499 shares of the restaurant operator’s stock worth $6,181,000 after buying an additional 725 shares in the last quarter. 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.