Chipotle Mexican Grill (NYSE:CMG) Trading 0.3% Higher on Analyst Upgrade

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price rose 0.3% during trading on Monday after Piper Sandler raised their price target on the stock from $56.00 to $59.00. Piper Sandler currently has a neutral rating on the stock. Chipotle Mexican Grill traded as high as $59.60 and last traded at $58.85. Approximately 1,184,203 shares were traded during trading, a decline of 92% from the average daily volume of 14,183,383 shares. The stock had previously closed at $58.65.

Several other equities research analysts have also commented on CMG. Robert W. Baird decreased their price target on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Oppenheimer restated an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. TD Cowen reaffirmed a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Finally, Stephens reissued an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $62.55.

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,684 shares of company stock valued at $2,817,127. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth $25,000. Riverview Trust Co boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. RiverPark Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

The company’s fifty day moving average price is $55.74 and its 200 day moving average price is $81.41. The firm has a market capitalization of $81.44 billion, a price-to-earnings ratio of 63.09, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $12.65 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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.