Chipotle Mexican Grill (NYSE:CMG) Sets New 1-Year High on Analyst Upgrade
Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price reached a new 52-week high during trading on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $1,235.00 to $1,348.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Chipotle Mexican Grill traded as high as $1,453.46 and last traded at $1,453.46, with a volume of 9558 shares changing hands. The stock had previously closed at $1,395.00.
CMG has been the topic of a number of other research reports. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $1,460.00 to $1,455.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Cowen increased their price objective on shares of Chipotle Mexican Grill from $1,400.00 to $1,550.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Loop Capital increased their price objective on shares of Chipotle Mexican Grill from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Royal Bank of Canada upgraded shares of Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $1,320.00 to $1,650.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chipotle Mexican Grill from $1,115.00 to $1,125.00 and gave the company a “neutral” rating in a research report on Monday, December 14th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,346.55.
In related news, insider Roger E. Theodoredis sold 2,651 shares of the firm’s stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $1,267.17, for a total transaction of $3,359,267.67. Following the completion of the transaction, the insider now directly owns 4,293 shares of the company’s stock, valued at $5,439,960.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pershing Square Capital Manage sold 37,548 shares of the firm’s stock in a transaction on Monday, January 4th. The shares were sold at an average price of $1,333.29, for a total transaction of $50,062,372.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
The firm has a market capitalization of $40.38 billion, a PE ratio of 166.87, a PEG ratio of 3.22 and a beta of 1.31. The business’s 50 day simple moving average is $1,357.73 and its 200 day simple moving average is $1,259.72.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 21st. The restaurant operator reported $3.76 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.32. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 16.70%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the company posted $3.82 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 10.94 earnings per share for the current year.
The firm also recently disclosed a dividend, which was paid on Tuesday, December 15th. Shareholders of record on Friday, January 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 4th. This represents a dividend yield of 3.64%.
Chipotle Mexican Grill Company Profile (NYSE:CMG)
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2020, it operated approximately 2,700 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company was founded in 1993 and is headquartered in Newport Beach, California.
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