Barclays Increases Chipotle Mexican Grill (NYSE:CMG) Price Target to $63.00

Chipotle Mexican Grill (NYSE:CMG) had its price target increased by Barclays from $60.00 to $63.00 in a research report report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

A number of other research firms also recently issued reports on CMG. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Raymond James boosted their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Truist Financial raised their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets upped their price objective on 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. Finally, TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $57.89 on Tuesday. Chipotle Mexican Grill has a fifty-two week low of $44.49 and a fifty-two week high of $69.26. The company has a market cap of $78.88 billion, a PE ratio of 53.88, a PEG ratio of 2.64 and a beta of 1.27. The business’s 50-day simple moving average is $60.98 and its two-hundred day simple moving average is $80.51.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

Institutional investors have recently made changes to their positions in the company. Alpha DNA Investment Management LLC grew its position in Chipotle Mexican Grill by 1.2% in the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after acquiring an additional 168 shares during the period. Lecap Asset Management Ltd. raised its holdings in Chipotle Mexican Grill by 1.2% in the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after buying an additional 175 shares during the period. Connable Office Inc. lifted its position in Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after buying an additional 178 shares during the last quarter. Albion Financial Group UT boosted its stake in Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after buying an additional 180 shares during the period. Finally, CVA Family Office LLC raised its stake in shares of Chipotle Mexican Grill by 8.7% in the 3rd quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock valued at $133,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

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.