Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by stock analysts at Loop Capital to $950.00 in a research note issued to investors on Monday, The Fly reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price target indicates a potential upside of 14.31% from the stock’s previous close.

A number of other equities research analysts also recently commented on CMG. Credit Suisse Group lifted their target price on Chipotle Mexican Grill from $870.00 to $880.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. ValuEngine downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stephens lifted their target price on Chipotle Mexican Grill from $650.00 to $700.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. KeyCorp lifted their target price on Chipotle Mexican Grill from $860.00 to $870.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Co lifted their target price on Chipotle Mexican Grill from $714.00 to $796.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus target price of $753.68.

Shares of NYSE CMG opened at $831.07 on Monday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52. Chipotle Mexican Grill has a fifty-two week low of $383.20 and a fifty-two week high of $857.90. The company has a market cap of $23.61 billion, a PE ratio of 91.73, a P/E/G ratio of 3.22 and a beta of 0.70. The business has a 50-day simple moving average of $824.58 and a two-hundred day simple moving average of $759.74.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 EPS for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.69. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $2.16 earnings per share. The company’s revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts predict that Chipotle Mexican Grill will post 13.4 earnings per share for the current fiscal year.

In related news, Director Albert S. Baldocchi sold 1,164 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $775.00, for a total transaction of $902,100.00. Following the completion of the transaction, the director now directly owns 72,756 shares in the company, valued at $56,385,900. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 3,810 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $798.91, for a total value of $3,043,847.10. Following the transaction, the chief executive officer now owns 26,634 shares of the company’s stock, valued at $21,278,168.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,531 shares of company stock valued at $91,910,364. 2.21% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. State of Michigan Retirement System increased its position in shares of Chipotle Mexican Grill by 5.1% in the third quarter. State of Michigan Retirement System now owns 6,140 shares of the restaurant operator’s stock valued at $5,160,000 after buying an additional 300 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth approximately $42,000. OLD National Bancorp IN boosted its stake in shares of Chipotle Mexican Grill by 3.6% in the third quarter. OLD National Bancorp IN now owns 518 shares of the restaurant operator’s stock worth $435,000 after acquiring an additional 18 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Chipotle Mexican Grill by 3.8% in the third quarter. World Asset Management Inc now owns 1,885 shares of the restaurant operator’s stock worth $1,584,000 after acquiring an additional 69 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Chipotle Mexican Grill by 155.2% in the third quarter. Virginia Retirement Systems ET AL now owns 14,800 shares of the restaurant operator’s stock worth $12,439,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: How to Profit and Limit Losses With Stop Orders

The Fly

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.