Chipotle Mexican Grill (NYSE:CMG) Given New $69.00 Price Target at Citigroup

Chipotle Mexican Grill (NYSE:CMG) had its price objective lowered by equities research analysts at Citigroup from $70.00 to $69.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 22.31% from the company’s previous close.

Other equities analysts have also issued research reports about the company. TD Cowen increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Raymond James increased their target price on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Evercore ISI increased their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Finally, Royal Bank of Canada raised their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.77.

Chipotle Mexican Grill Trading Down 0.5 %

Shares of NYSE CMG opened at $56.42 on Monday. The stock has a market cap of $76.87 billion, a P/E ratio of 52.60, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill has a 12-month low of $46.29 and a 12-month high of $69.26. The business’s fifty day simple moving average is $60.64 and its 200-day simple moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.23 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently bought and sold shares of the company. E. Ohman J or Asset Management AB grew its stake in Chipotle Mexican Grill by 11.2% in the 4th quarter. E. Ohman J or Asset Management AB now owns 61,040 shares of the restaurant operator’s stock worth $3,681,000 after acquiring an additional 6,140 shares during the period. Mather Group LLC. grew its stake in shares of Chipotle Mexican Grill by 12.0% during the 4th quarter. Mather Group LLC. now owns 13,881 shares of the restaurant operator’s stock valued at $837,000 after buying an additional 1,483 shares during the period. Rockline Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 4.0% during the 4th quarter. Rockline Wealth Management LLC now owns 52,683 shares of the restaurant operator’s stock valued at $3,177,000 after buying an additional 2,013 shares during the period. Calamos Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 1.3% during the 4th quarter. Calamos Wealth Management LLC now owns 19,470 shares of the restaurant operator’s stock valued at $1,174,000 after buying an additional 258 shares during the period. Finally, Trust Point Inc. grew its stake in shares of Chipotle Mexican Grill by 22.1% during the 4th quarter. Trust Point Inc. now owns 7,087 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 1,283 shares during the period. 91.31% of the stock is owned by hedge funds and other 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.