Chipotle Mexican Grill (NYSE:CMG) Earns “Equal Weight” Rating from Stephens

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “equal weight” rating reissued by Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $65.00 target price on the restaurant operator’s stock. Stephens’ target price indicates a potential upside of 9.69% from the company’s previous close.

CMG has been the subject of several other research reports. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Piper Sandler boosted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $59.26 on Tuesday. The firm has a 50-day moving average of $57.66 and a 200-day moving average of $81.40. Chipotle Mexican Grill has a one year low of $42.98 and a one year high of $69.26. The company has a market cap of $80.75 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Analysts expect that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. 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 available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 over the last ninety days. 1.02% of the stock is owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors and hedge funds have recently made changes to their positions in CMG. Pacific Center for Financial Services grew its stake in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after acquiring an additional 4 shares during the period. SVB Wealth LLC grew its stake in shares of Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 5 shares during the period. Nicolet Advisory Services LLC grew its stake in shares of Chipotle Mexican Grill by 1.9% during the 1st quarter. Nicolet Advisory Services LLC now owns 318 shares of the restaurant operator’s stock valued at $931,000 after acquiring an additional 6 shares during the period. Freestone Capital Holdings LLC boosted its stake in Chipotle Mexican Grill by 5.4% in the 1st quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock worth $396,000 after purchasing an additional 7 shares during the period. Finally, Semmax Financial Advisors Inc. grew its holdings in 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 buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors 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.