Chipotle Mexican Grill (NYSE:CMG) Price Target Increased to $71.00 by Analysts at Truist Financial

Chipotle Mexican Grill (NYSE:CMG) had its price objective boosted by Truist Financial from $69.00 to $71.00 in a research note released on Tuesday, Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Other analysts have also recently issued reports about the company. Stifel Nicolaus reissued a buy rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Guggenheim boosted their target price on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a neutral rating in a research note on Wednesday, July 24th. Oppenheimer reaffirmed an outperform rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Wedbush reissued an outperform rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Finally, Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an outperform rating for the company in a research report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $63.03.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $59.81 on Tuesday. Chipotle Mexican Grill has a fifty-two week low of $35.58 and a fifty-two week high of $69.26. The firm has a market cap of $82.14 billion, a PE ratio of 63.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The business has a 50 day moving average price of $55.85 and a 200-day moving average price of $81.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company posted $12.65 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill will post 1.08 EPS for the current year.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock worth $2,817,127 over the last 90 days. 1.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Riverview Trust Co increased its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC lifted its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp purchased a new position in Chipotle Mexican Grill in the second quarter worth about $25,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. 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.