Chipotle Mexican Grill (NYSE:CMG) Shares Up 0% After Analyst Upgrade

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) shot up 0% during mid-day trading on Friday after Robert W. Baird raised their price target on the stock from $70.00 to $74.00. Robert W. Baird currently has an outperform rating on the stock. Chipotle Mexican Grill traded as high as $63.77 and last traded at $62.42. 6,401,525 shares were traded during mid-day trading, a decline of 52% from the average session volume of 13,246,146 shares. The stock had previously closed at $62.41.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $48.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. KeyCorp lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Oppenheimer lifted their price target on shares of Chipotle Mexican Grill from $66.00 to $69.70 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $48.84 to $61.40 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Wedbush reiterated a “neutral” rating and set a $64.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, June 17th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.29.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.32, for a total value of $3,166,010.00. Following the sale, the director now directly owns 1,362,500 shares in the company, valued at approximately $86,273,772.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Brian R. Niccol sold 320,300 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.72, for a total value of $20,409,003.52. Following the sale, the chief executive officer now directly owns 1,133,450 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Albert S. Baldocchi sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now owns 1,362,500 shares in the company, valued at $86,273,772.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 550,750 shares of company stock worth $35,023,769. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Large investors have recently made changes to their positions in the company. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $29,000. Semmax Financial Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $32,000. Crewe Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $44,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

The stock has a market cap of $86.04 billion, a P/E ratio of 66.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.25. The firm’s 50 day moving average is $127.77 and its 200 day moving average is $78.21.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.