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

Chipotle Mexican Grill (NYSE:CMG) had its target price cut by Stephens from $61.00 to $60.00 in a report released on Wednesday,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Loop Capital lifted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group lifted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $57.29 on Wednesday. The company’s 50 day moving average price is $60.17 and its 200 day moving average price is $57.83. Chipotle Mexican Grill has a 52 week low of $47.98 and a 52 week high of $69.26. The company has a market capitalization of $78.06 billion, a PE ratio of 53.32, a PEG ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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%. On average, equities analysts forecast that Chipotle Mexican Grill will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

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

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently bought and sold shares of CMG. Transcendent Capital Group LLC increased its holdings 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 valued at $30,000 after buying an additional 475 shares during the period. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $33,000. Finally, Global Trust Asset Management LLC bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $35,000. 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.