Chipotle Mexican Grill (NYSE:CMG – Get Rating) had its price target raised by stock analysts at Robert W. Baird from $2,000.00 to $2,200.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Robert W. Baird’s price objective suggests a potential upside of 8.04% from the stock’s previous close.
A number of other analysts have also issued reports on CMG. Wedbush reissued an “outperform” rating and issued a $2,080.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, March 17th. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $1,800.00 to $1,960.00 and gave the company a “buy” rating in a research note on Monday, April 17th. StockNews.com upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research note on Tuesday, March 28th. Raymond James increased their price target on shares of Chipotle Mexican Grill from $1,750.00 to $1,900.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. Finally, Barclays increased their target price on shares of Chipotle Mexican Grill from $1,550.00 to $1,885.00 and gave the company an “equal weight” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,021.37.
Chipotle Mexican Grill Stock Performance
NYSE CMG opened at $2,036.26 on Wednesday. The stock has a 50-day simple moving average of $1,643.24 and a two-hundred day simple moving average of $1,559.78. The firm has a market capitalization of $56.22 billion, a P/E ratio of 62.33, a PEG ratio of 1.63 and a beta of 1.32. Chipotle Mexican Grill has a fifty-two week low of $1,196.28 and a fifty-two week high of $2,047.31.
Insider Buying and Selling
In related news, CMO Christopher W. Brandt sold 1,013 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $1,795.00, for a total value of $1,818,335.00. Following the sale, the chief marketing officer now directly owns 8,125 shares in the company, valued at approximately $14,584,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Brian R. Niccol sold 1,023 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $1,695.00, for a total transaction of $1,733,985.00. Following the sale, the chief executive officer now owns 23,347 shares in the company, valued at $39,573,165. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher W. Brandt sold 1,013 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $1,795.00, for a total transaction of $1,818,335.00. Following the sale, the chief marketing officer now owns 8,125 shares in the company, valued at approximately $14,584,375. The disclosure for this sale can be found here. Insiders have sold 10,856 shares of company stock worth $17,938,741 in the last ninety days. 1.01% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Chipotle Mexican Grill
Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $450,560,000. International Assets Investment Management LLC increased its stake in Chipotle Mexican Grill by 185,417.0% in the 4th quarter. International Assets Investment Management LLC now owns 306,103 shares of the restaurant operator’s stock valued at $1,645,000 after buying an additional 305,938 shares during the period. Moneta Group Investment Advisors LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $248,604,000. Proficio Capital Partners LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $166,000. Finally, Morgan Stanley increased its stake in Chipotle Mexican Grill by 65.8% in the 4th quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock valued at $521,332,000 after buying an additional 149,115 shares during the period. Institutional investors and hedge funds own 93.26% of the company’s stock.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
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