Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $3,500.00 at UBS Group

Chipotle Mexican Grill (NYSE:CMG) had its target price lifted by UBS Group from $3,400.00 to $3,500.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

CMG has been the subject of a number of other reports. Jefferies Financial Group upped their price objective on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a hold rating in a report on Tuesday, April 16th. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the stock an overweight rating in a research report on Thursday. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. BMO Capital Markets increased their price target on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a market perform rating in a research report on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $3,057.68.

Chipotle Mexican Grill Stock Up 2.2 %

CMG stock traded up $69.27 during trading on Thursday, hitting $3,181.24. The company had a trading volume of 156,099 shares, compared to its average volume of 240,293. The firm has a market cap of $87.39 billion, a PE ratio of 67.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.28. Chipotle Mexican Grill has a 1-year low of $1,768.64 and a 1-year high of $3,182.21. The firm has a 50-day moving average price of $2,811.11 and a 200-day moving average price of $2,416.65.

Chipotle Mexican Grill’s stock is going to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 45.46% and a net margin of 12.70%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts anticipate that Chipotle Mexican Grill will post 53.49 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Christopher W. Brandt sold 3,149 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares in the company, valued at $25,071,093.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the transaction, the director now owns 37,271 shares of the company’s stock, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Insiders sold a total of 6,793 shares of company stock worth $18,321,152 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently modified their holdings of CMG. Northern Trust Corp grew its position in shares of Chipotle Mexican Grill by 5.0% in the 3rd quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator’s stock worth $518,780,000 after buying an additional 13,513 shares during the last quarter. Covestor Ltd boosted its position in shares of Chipotle Mexican Grill by 9.2% during the third quarter. Covestor Ltd now owns 95 shares of the restaurant operator’s stock valued at $174,000 after purchasing an additional 8 shares in the last quarter. NewEdge Wealth LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $205,000. Laidlaw Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 69.8% in the third quarter. Laidlaw Wealth Management LLC now owns 270 shares of the restaurant operator’s stock worth $495,000 after purchasing an additional 111 shares during the last quarter. Finally, Clearstead Advisors LLC increased its position in Chipotle Mexican Grill by 0.7% during the third quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator’s stock valued at $1,416,000 after acquiring an additional 5 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.