Chipotle Mexican Grill (NYSE:CMG) PT Raised to $1,200.00 at BTIG Research

Chipotle Mexican Grill (NYSE:CMG) had its price target upped by equities research analysts at BTIG Research from $1,010.00 to $1,200.00 in a research note issued on Monday, The Fly reports. BTIG Research’s price target suggests a potential upside of 14.03% from the company’s previous close.

A number of other research firms also recently commented on CMG. Oppenheimer reissued a “hold” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, April 22nd. Credit Suisse Group lifted their target price on shares of Chipotle Mexican Grill from $900.00 to $940.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Wolfe Research initiated coverage on shares of Chipotle Mexican Grill in a research note on Friday, April 17th. They issued an “outperform” rating and a $903.00 target price for the company. Morgan Stanley lifted their price objective on shares of Chipotle Mexican Grill from $602.00 to $630.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank of Canada lifted their target price on shares of Chipotle Mexican Grill from $727.00 to $783.00 in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $895.89.

Shares of NYSE CMG opened at $1,052.36 on Monday. The firm has a fifty day moving average price of $1,016.17 and a 200-day moving average price of $856.77. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.62 and a quick ratio of 1.58. The stock has a market cap of $29.17 billion, a PE ratio of 88.14, a price-to-earnings-growth ratio of 7.78 and a beta of 1.22. Chipotle Mexican Grill has a 1 year low of $415.00 and a 1 year high of $1,087.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, April 21st. The restaurant operator reported $3.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.79 by ($0.71). Chipotle Mexican Grill had a net margin of 5.95% and a return on equity of 23.90%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company posted $3.40 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that Chipotle Mexican Grill will post 8.82 EPS for the current year.

In other news, Director Albert S. Baldocchi sold 517 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $1,059.13, for a total value of $547,570.21. Following the completion of the sale, the director now directly owns 72,431 shares of the company’s stock, valued at $76,713,845.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher W. Brandt sold 8,057 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $847.29, for a total value of $6,826,615.53. Following the completion of the sale, the chief marketing officer now directly owns 12,448 shares of the company’s stock, valued at $10,547,065.92. The disclosure for this sale can be found here. Insiders have sold 23,846 shares of company stock worth $21,357,268 over the last 90 days. Insiders own 1.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Chipotle Mexican Grill by 0.8% in the first quarter. State Street Corp now owns 1,122,221 shares of the restaurant operator’s stock valued at $734,381,000 after acquiring an additional 9,242 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in Chipotle Mexican Grill by 17.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 6,628 shares of the restaurant operator’s stock worth $4,337,000 after acquiring an additional 983 shares in the last quarter. Verus Capital Partners LLC lifted its position in Chipotle Mexican Grill by 82.0% during the 1st quarter. Verus Capital Partners LLC now owns 577 shares of the restaurant operator’s stock worth $378,000 after acquiring an additional 260 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Chipotle Mexican Grill by 16.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 28,046 shares of the restaurant operator’s stock worth $18,353,000 after acquiring an additional 3,880 shares in the last quarter. Finally, Samlyn Capital LLC lifted its position in Chipotle Mexican Grill by 1,714.7% during the 1st quarter. Samlyn Capital LLC now owns 131,454 shares of the restaurant operator’s stock worth $86,024,000 after acquiring an additional 124,210 shares in the last quarter. 95.40% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

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.

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