Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by BTIG Research from $620.00 to $700.00 in a report issued on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the restaurant operator’s stock.

Several other analysts have also recently commented on CMG. Canaccord Genuity reiterated a hold rating on shares of Chipotle Mexican Grill in a research note on Wednesday, November 14th. Wedbush reiterated an underperform rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 20th. Robert W. Baird reiterated a buy rating and issued a $525.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, January 3rd. Zacks Investment Research cut shares of Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Thursday, January 3rd. Finally, KeyCorp restated an overweight rating and set a $525.00 target price (up from $500.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, January 8th. Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $515.14.

Shares of CMG stock opened at $639.00 on Wednesday. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 70.53, a P/E/G ratio of 2.92 and a beta of 0.65. Chipotle Mexican Grill has a 52 week low of $307.70 and a 52 week high of $646.54.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, topping the consensus estimate of $1.38 by $0.34. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 EPS. As a group, equities analysts forecast that Chipotle Mexican Grill will post 12.24 earnings per share for the current year.

In related news, CFO Jack Hartung sold 4,907 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $625.21, for a total value of $3,067,905.47. Following the sale, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at approximately $28,282,624.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pershing Square Capital Manage sold 20,000 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $594.65, for a total transaction of $11,893,000.00. The disclosure for this sale can be found here. Insiders sold a total of 44,037 shares of company stock worth $26,516,662 over the last three months. 2.19% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of CMG. Bruderman Asset Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $39,000. Captrust Financial Advisors grew its stake in Chipotle Mexican Grill by 44.0% in the 4th quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock worth $72,000 after acquiring an additional 51 shares in the last quarter. Huntington National Bank grew its stake in Chipotle Mexican Grill by 19.9% in the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 28 shares in the last quarter. Clean Yield Group bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $86,000. Finally, We Are One Seven LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $96,000. 92.49% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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