Chipotle Mexican Grill (NYSE:CMG) Given New $825.00 Price Target at Wells Fargo & Co

Chipotle Mexican Grill (NYSE:CMG) had its target price lifted by Wells Fargo & Co from $803.00 to $825.00 in a report issued on Thursday morning, The Fly reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

CMG has been the topic of several other research reports. Barclays increased their target price on Chipotle Mexican Grill from $710.00 to $725.00 and gave the stock an equal weight rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their target price on Chipotle Mexican Grill from $640.00 to $650.00 and gave the stock an underperform rating in a report on Wednesday, October 23rd. Bank of America upgraded Chipotle Mexican Grill from an underperform rating to a neutral rating and increased their target price for the stock from $590.00 to $850.00 in a report on Friday, October 18th. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $820.00 to $850.00 in a report on Wednesday, October 23rd. Finally, Morgan Stanley increased their target price on Chipotle Mexican Grill from $797.00 to $831.00 and gave the stock an equal weight rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of Hold and an average price target of $820.74.

NYSE:CMG traded down $10.13 during trading hours on Thursday, reaching $869.71. The company had a trading volume of 322,876 shares, compared to its average volume of 320,727. The stock has a 50-day moving average of $845.78 and a two-hundred day moving average of $809.73. Chipotle Mexican Grill has a one year low of $519.09 and a one year high of $887.60. The firm has a market capitalization of $24.34 billion, a PE ratio of 79.28, a PEG ratio of 2.49 and a beta of 0.71. The company has a quick ratio of 1.47, a current ratio of 1.51 and a debt-to-equity ratio of 1.63.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.69. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.16 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 13.93 earnings per share for the current year.

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 5,078 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $874.90, for a total value of $4,442,742.20. Following the transaction, the chief executive officer now owns 33,659 shares of the company’s stock, valued at $29,448,259.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian R. Niccol sold 716 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $778.26, for a total value of $557,234.16. Following the completion of the transaction, the chief executive officer now directly owns 26,634 shares in the company, valued at approximately $20,728,176.84. The disclosure for this sale can be found here. Insiders have sold 6,543 shares of company stock worth $5,608,996 in the last ninety days. 2.21% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Patton Fund Management Inc. lifted its stake in Chipotle Mexican Grill by 6.2% in the fourth quarter. Patton Fund Management Inc. now owns 3,345 shares of the restaurant operator’s stock valued at $2,800,000 after buying an additional 195 shares during the period. Strs Ohio lifted its stake in Chipotle Mexican Grill by 130.4% in the fourth quarter. Strs Ohio now owns 85,865 shares of the restaurant operator’s stock valued at $71,878,000 after buying an additional 48,593 shares during the period. Valeo Financial Advisors LLC lifted its stake in Chipotle Mexican Grill by 92.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 106 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 51 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Chipotle Mexican Grill by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,707 shares of the restaurant operator’s stock valued at $1,428,000 after buying an additional 13 shares during the period. Finally, Advisor Partners LLC lifted its stake in Chipotle Mexican Grill by 5.0% in the fourth quarter. Advisor Partners LLC now owns 402 shares of the restaurant operator’s stock valued at $348,000 after buying an additional 19 shares during the period. 93.32% of the stock is currently owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Featured Article: How to Invest in an Index Fund

The Fly

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.