Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $62.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its target price hoisted by Jefferies Financial Group from $56.00 to $62.00 in a report published on Monday,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator's stock.

A number of other brokerages have also recently weighed in on CMG. Wells Fargo & Company increased their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays upped their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Oppenheimer restated an "outperform" rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Citigroup lowered their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, Wedbush restated an "outperform" rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.36.

Chipotle Mexican Grill Price Performance

CMG traded up $0.20 during trading on Monday, hitting $64.79. The company had a trading volume of 7,217,400 shares, compared to its average volume of 13,396,702. The company has a market cap of $88.28 billion, a PE ratio of 60.46, a P/E/G ratio of 2.64 and a beta of 1.27. The business has a 50-day moving average of $60.20 and a 200-day moving average of $81.19. Chipotle Mexican Grill has a 1-year low of $44.08 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm 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 firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Research analysts forecast that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $470,000. Blue Trust Inc. lifted its stake in Chipotle Mexican Grill by 137.3% in the 2nd quarter. Blue Trust Inc. now owns 674 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 390 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Chipotle Mexican Grill by 6,049.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 320,997 shares of the restaurant operator's stock valued at $20,110,000 after acquiring an additional 315,777 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Chipotle Mexican Grill by 4,894.7% during the 2nd quarter. Continuum Advisory LLC now owns 949 shares of the restaurant operator's stock worth $59,000 after purchasing an additional 930 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Chipotle Mexican Grill by 4,782.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 9,716 shares of the restaurant operator's stock worth $609,000 after purchasing an additional 9,517 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

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.