Oppenheimer Issues Positive Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price target hoisted by Oppenheimer from $65.00 to $69.00 in a research report report published on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the restaurant operator's stock.

Several other analysts have also issued reports on the company. BMO Capital Markets increased their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Piper Sandler raised their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price target on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Stephens restated an "equal weight" rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $66.81.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $0.83 during mid-day trading on Tuesday, reaching $57.97. 8,530,495 shares of the company's stock were exchanged, compared to its average volume of 7,625,492. Chipotle Mexican Grill has a one year low of $44.08 and a one year high of $69.26. The business's fifty day simple moving average is $60.95 and its two-hundred day simple moving average is $80.87. The firm has a market capitalization of $78.99 billion, a PE ratio of 53.96, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Large investors have recently modified their holdings of the company. Kozak & Associates Inc. lifted its stake in shares of Chipotle Mexican Grill by 11.5% in the fourth quarter. Kozak & Associates Inc. now owns 6,912 shares of the restaurant operator's stock valued at $413,000 after buying an additional 712 shares in the last quarter. Boltwood Capital Management raised its holdings in shares of Chipotle Mexican Grill by 8.8% in the 4th quarter. Boltwood Capital Management now owns 13,025 shares of the restaurant operator's stock worth $785,000 after acquiring an additional 1,050 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Chipotle Mexican Grill by 50.0% during the 4th quarter. CWA Asset Management Group LLC now owns 18,734 shares of the restaurant operator's stock valued at $1,130,000 after purchasing an additional 6,248 shares during the last quarter. Modus Advisors LLC increased its holdings in Chipotle Mexican Grill by 267.5% during the 4th quarter. Modus Advisors LLC now owns 39,562 shares of the restaurant operator's stock worth $2,386,000 after purchasing an additional 28,797 shares in the last quarter. Finally, NRI Wealth Management LC bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $2,702,000. 91.31% of the stock is currently owned by institutional investors.

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.