Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $70.00 at Citigroup

Chipotle Mexican Grill (NYSE:CMG) had its price target raised by Citigroup from $69.00 to $70.00 in a report released on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also commented on CMG. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Piper Sandler raised their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stephens decreased their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Down 2.5 %

CMG stock opened at $57.54 on Wednesday. The firm has a 50-day simple moving average of $60.36 and a 200-day simple moving average of $57.84. Chipotle Mexican Grill has a 52 week low of $47.98 and a 52 week high of $69.26. The stock has a market capitalization of $78.41 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, analysts expect that Chipotle Mexican Grill will post 1.11 earnings per share for the current 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 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 completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently bought and sold shares of the company. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $692,701,000. Assenagon Asset Management S.A. increased its holdings in Chipotle Mexican Grill by 1,087.9% in the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock worth $271,547,000 after buying an additional 4,315,983 shares during the last quarter. Congress Asset Management Co. bought a new position in Chipotle Mexican Grill during the third quarter valued at approximately $109,396,000. Thrivent Financial for Lutherans lifted its stake in Chipotle Mexican Grill by 674.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after acquiring an additional 1,848,625 shares during the last quarter. Finally, Raymond James & Associates grew its position in Chipotle Mexican Grill by 94.3% in the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after acquiring an additional 1,441,172 shares in the last quarter. 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.