Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,888.00 at Argus

Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by stock analysts at Argus from $3,668.00 to $3,888.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Argus’ target price points to a potential upside of 13.43% from the stock’s current price.

Several other analysts have also weighed in on the stock. Wedbush reiterated a “neutral” rating and set a $3,200.00 target price on shares of Chipotle Mexican Grill in a research report on Monday. UBS Group lifted their target price on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Stephens lifted their target price on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, Sanford C. Bernstein lifted their target price on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $3,201.19.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $3,427.61 on Tuesday. The company has a market capitalization of $94.16 billion, a PE ratio of 73.15, a price-to-earnings-growth ratio of 2.68 and a beta of 1.25. Chipotle Mexican Grill has a one year low of $1,768.64 and a one year high of $3,463.07. The company’s fifty day moving average price is $3,130.47 and its 200 day moving average price is $2,737.78.

Chipotle Mexican Grill shares are set to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.63 by $1.74. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. Analysts anticipate that Chipotle Mexican Grill will post 55.31 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Scott Boatwright sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total transaction of $3,509,176.00. Following the completion of the sale, the chief operating officer now directly owns 2,412 shares of the company’s stock, valued at $7,694,665.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Scott Boatwright sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total transaction of $3,509,176.00. Following the completion of the sale, the chief operating officer now directly owns 2,412 shares of the company’s stock, valued at $7,694,665.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the sale, the chief executive officer now directly owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The disclosure for this sale can be found here. Insiders sold a total of 11,015 shares of company stock valued at $35,023,769 over the last ninety days. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CMG. Kestra Advisory Services LLC grew its holdings in Chipotle Mexican Grill by 8.5% during the third quarter. Kestra Advisory Services LLC now owns 1,487 shares of the restaurant operator’s stock valued at $2,724,000 after purchasing an additional 116 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 8.6% in the third quarter. Rafferty Asset Management LLC now owns 2,254 shares of the restaurant operator’s stock valued at $4,129,000 after buying an additional 178 shares during the period. QRG Capital Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $595,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $1,819,000. Finally, CenterBook Partners LP boosted its holdings in shares of Chipotle Mexican Grill by 80.0% in the third quarter. CenterBook Partners LP now owns 1,044 shares of the restaurant operator’s stock valued at $1,912,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds 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.