Chipotle Mexican Grill (NYSE:CMG) Given New $60.00 Price Target at Barclays

Chipotle Mexican Grill (NYSE:CMG) had its price objective upped by Barclays from $55.00 to $60.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Several other analysts also recently weighed in on CMG. KeyCorp lowered their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. TD Cowen restated a “buy” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Wedbush reiterated an “outperform” rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Loop Capital dropped their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $58.59 on Wednesday. Chipotle Mexican Grill has a one year low of $39.92 and a one year high of $69.26. The stock’s 50 day moving average price is $57.28 and its 200 day moving average price is $81.30. The firm has a market capitalization of $80.24 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. On average, analysts forecast that Chipotle Mexican Grill will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, 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 this hyperlink. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated 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 owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 50,684 shares of company stock valued at $2,817,127 in the last three months. 1.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the period. Covestor Ltd raised its position in Chipotle Mexican Grill by 6.5% in the third quarter. Covestor Ltd now owns 4,167 shares of the restaurant operator’s stock worth $240,000 after acquiring an additional 253 shares in the last quarter. 17 Capital Partners LLC raised its position in Chipotle Mexican Grill by 2.8% in the third quarter. 17 Capital Partners LLC now owns 14,242 shares of the restaurant operator’s stock worth $821,000 after acquiring an additional 392 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 39.7% during the 3rd quarter. Sustainable Insight Capital Management LLC now owns 88,300 shares of the restaurant operator’s stock valued at $5,088,000 after purchasing an additional 25,100 shares in the last quarter. Finally, Carr Financial Group Corp boosted its position in shares of Chipotle Mexican Grill by 12.8% during the 3rd quarter. Carr Financial Group Corp now owns 4,400 shares of the restaurant operator’s stock valued at $254,000 after purchasing an additional 500 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.