Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $58.00

Chipotle Mexican Grill (NYSE:CMG) had its target price upped by research analysts at Loop Capital from $53.00 to $58.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s target price would indicate a potential upside of 3.50% from the company’s current price.

CMG has been the topic of a number of other reports. Wedbush reiterated an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Oppenheimer reiterated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Guggenheim raised their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Barclays raised their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.99.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $4.45 on Wednesday, reaching $56.04. The company had a trading volume of 19,451,186 shares, compared to its average volume of 13,956,623. The business has a 50 day moving average of $57.10 and a two-hundred day moving average of $81.50. Chipotle Mexican Grill has a fifty-two week low of $38.01 and a fifty-two week high of $69.26. The firm has a market cap of $76.75 billion, a price-to-earnings ratio of 55.03, a P/E/G ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the business posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts predict that Chipotle Mexican Grill will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated 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 owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently modified their holdings of the company. Semmax Financial Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 9 shares during the last quarter. Crewe Advisors LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $44,000. Westside Investment Management Inc. purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $58,000. Valley National Advisers Inc. increased its position in Chipotle Mexican Grill by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 4 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in Chipotle Mexican Grill in the first quarter worth approximately $168,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.