Chipotle Mexican Grill (NYSE:CMG) Given New $63.00 Price Target at Barclays

Chipotle Mexican Grill (NYSE:CMG) had its target price increased by equities researchers at Barclays from $60.00 to $63.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective indicates a potential upside of 8.08% from the stock’s previous close.

CMG has been the topic of a number of other reports. Wedbush reiterated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Raymond James increased their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Loop Capital lifted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Stock Down 0.9 %

NYSE:CMG traded down $0.51 during trading hours on Tuesday, reaching $58.29. 3,749,175 shares of the stock were exchanged, compared to its average volume of 6,383,769. Chipotle Mexican Grill has a twelve month low of $44.08 and a twelve month high of $69.26. The business has a 50-day moving average of $60.95 and a two-hundred day moving average of $80.87. The company has a market capitalization of $79.43 billion, a price-to-earnings ratio of 54.25, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results 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 analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. On average, research analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group raised its stake in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. ZRC Wealth Management LLC raised its position in Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $31,000. Transcendent Capital Group LLC lifted its stake in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $32,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.