Chipotle Mexican Grill (NYSE:CMG – Get Rating) had its price objective lifted by BMO Capital Markets from $1,800.00 to $1,950.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective suggests a potential downside of 4.24% from the company’s current price.
Other equities analysts also recently issued reports about the company. KeyCorp lifted their target price on Chipotle Mexican Grill from $1,780.00 to $1,870.00 and gave the company an “overweight” rating in a research report on Thursday, April 6th. Raymond James lifted their target price on Chipotle Mexican Grill from $1,900.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $1,900.00 to $2,050.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on Chipotle Mexican Grill from $1,713.00 to $1,657.00 and set a “hold” rating on the stock in a research report on Monday, February 13th. Finally, Oppenheimer boosted their price objective on Chipotle Mexican Grill from $1,940.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,021.37.
Chipotle Mexican Grill Price Performance
CMG stock opened at $2,036.26 on Wednesday. The company has a market cap of $56.22 billion, a P/E ratio of 62.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. Chipotle Mexican Grill has a 1 year low of $1,196.28 and a 1 year high of $2,047.31. The stock’s fifty day moving average price is $1,643.24 and its 200-day moving average price is $1,559.78.
Insiders Place Their Bets
In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 991 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $1,537.37, for a total transaction of $1,523,533.67. Following the sale, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $35,892,977.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 991 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $1,537.37, for a total transaction of $1,523,533.67. Following the sale, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $35,892,977.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 5,636 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $1,646.82, for a total value of $9,281,477.52. Following the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at $38,448,306.54. The disclosure for this sale can be found here. Insiders have sold 10,856 shares of company stock valued at $17,938,741 over the last ninety days. 1.01% of the stock is owned by insiders.
Institutional Investors Weigh In On Chipotle Mexican Grill
Several hedge funds and other institutional investors have recently modified their holdings of CMG. Versant Capital Management Inc purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth approximately $26,000. FourThought Financial LLC raised its holdings in shares of Chipotle Mexican Grill by 350.0% in the third quarter. FourThought Financial LLC now owns 18 shares of the restaurant operator’s stock worth $27,000 after buying an additional 14 shares during the period. Elequin Securities LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $28,000. Heritage Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 20 shares of the restaurant operator’s stock worth $28,000 after buying an additional 10 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in shares of Chipotle Mexican Grill by 90.0% in the first quarter. Benjamin Edwards Inc. now owns 19 shares of the restaurant operator’s stock worth $32,000 after buying an additional 9 shares during the period. 93.26% of the stock is currently owned by hedge funds and other institutional investors.
About Chipotle Mexican Grill
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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