Raymond James Boosts Chipotle Mexican Grill (NYSE:CMG) Price Target to $72.00

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target hoisted by equities research analysts at Raymond James from $66.00 to $72.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Raymond James' target price would suggest a potential upside of 11.13% from the company's previous close.

Other research analysts have also issued research reports about the stock. Truist Financial upped their price target 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. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Barclays increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Stephens restated an "equal weight" rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday. Ten investment 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, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $66.36.

Chipotle Mexican Grill Price Performance

NYSE CMG traded up $0.20 on Monday, hitting $64.79. The stock had a trading volume of 7,217,400 shares, compared to its average volume of 13,396,702. The business's fifty day moving average price is $60.20 and its 200 day moving average price is $81.19. The stock has a market cap of $88.28 billion, a price-to-earnings ratio of 60.46, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill has a 52-week low of $44.08 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its 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 company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 457,764 shares of the company's stock, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.02% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CMG. NINE MASTS CAPITAL Ltd purchased a new stake in Chipotle Mexican Grill in the second quarter valued at $470,000. Blue Trust Inc. increased its position in shares of Chipotle Mexican Grill by 137.3% during the 2nd quarter. Blue Trust Inc. now owns 674 shares of the restaurant operator's stock worth $42,000 after purchasing an additional 390 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings 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 buying an additional 315,777 shares during the period. Continuum Advisory LLC boosted its stake in Chipotle Mexican Grill by 4,894.7% during the second quarter. Continuum Advisory LLC now owns 949 shares of the restaurant operator's stock worth $59,000 after buying an additional 930 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Chipotle Mexican Grill by 4,782.4% during the second quarter. First Horizon Advisors Inc. now owns 9,716 shares of the restaurant operator's stock valued at $609,000 after acquiring an additional 9,517 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

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.