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

Chipotle Mexican Grill (NYSE:CMG) had its price objective cut by Stephens from $61.00 to $60.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price objective would suggest a potential upside of 1.53% from the company’s previous close.

A number of other equities analysts have also commented on the company. KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday. Piper Sandler upped their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $59.00 to $73.00 in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.56.

Chipotle Mexican Grill Stock Up 1.3 %

Shares of CMG stock opened at $59.10 on Wednesday. The company has a market capitalization of $80.53 billion, a P/E ratio of 55.01, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a 12-month low of $47.98 and a 12-month high of $69.26. The firm has a 50-day moving average price of $60.36 and a 200 day moving average price of $57.84.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, research analysts expect that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several large investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC boosted its stake in 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 purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $33,000. Global Trust Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $35,000. Finally, Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. 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.