Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $72.00 at Raymond James

Chipotle Mexican Grill (NYSE:CMG) had its price target increased by research analysts at Raymond James from $66.00 to $72.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Raymond James’ target price suggests a potential upside of 12.03% from the company’s previous close.

A number of other brokerages have also recently issued reports on CMG. Barclays lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Stephens reissued an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Piper Sandler upped their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Cowen increased their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.55.

Chipotle Mexican Grill Stock Performance

CMG opened at $64.27 on Monday. The firm has a market cap of $87.57 billion, a P/E ratio of 60.07, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The business’s fifty day moving average is $60.49 and its 200-day moving average is $81.22. Chipotle Mexican Grill has a 52-week low of $44.08 and a 52-week high of $69.26.

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, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion for 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 business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, research analysts predict that Chipotle Mexican Grill will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CMG. RiverPark Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. Archer Investment Corp bought a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group increased its stake in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. Chilton Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $27,000. Finally, MCF Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 5,525.0% in the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after buying an additional 442 shares during 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.