Chipotle Mexican Grill (NYSE:CMG) Given Outperform Rating at Sanford C. Bernstein

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “outperform” rating reissued by investment analysts at Sanford C. Bernstein in a report issued on Tuesday,Benzinga reports. They currently have a $70.00 target price on the restaurant operator’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 19.99% from the company’s previous close.

A number of other equities research analysts also recently commented on CMG. Wedbush reissued an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. TD Cowen lifted 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. Citigroup lowered their price target on Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Monday. Finally, Piper Sandler lifted their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Chipotle Mexican Grill Stock Up 0.9 %

Shares of Chipotle Mexican Grill stock opened at $58.34 on Tuesday. The firm has a market cap of $79.49 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill has a 52-week low of $47.88 and a 52-week high of $69.26. The company’s 50-day simple moving average is $60.61 and its 200-day simple moving average is $57.72.

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

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently made changes to their positions in the stock. ZRC Wealth Management LLC grew its position in Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares during the period. Transcendent Capital Group LLC grew its holdings in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP purchased a new position in Chipotle Mexican Grill in the third quarter valued at approximately $33,000. Finally, Global Trust Asset Management LLC acquired a new position in Chipotle Mexican Grill during the third quarter valued at approximately $35,000. 91.31% of the stock is owned by hedge funds and other 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.