Argus Raises Chipotle Mexican Grill (NYSE:CMG) Price Target to $2,110.00

Chipotle Mexican Grill (NYSE:CMG) had its target price upped by Argus from $1,950.00 to $2,110.00 in a research report released on Wednesday morning, The Fly reports. Argus currently has a buy rating on the restaurant operator’s stock.

Other analysts have also issued reports about the company. KeyCorp boosted their price objective on Chipotle Mexican Grill from $1,800.00 to $1,850.00 and gave the stock an overweight rating in a report on Wednesday, July 21st. UBS Group upped their target price on Chipotle Mexican Grill from $1,700.00 to $1,850.00 and gave the company a buy rating in a report on Wednesday, July 21st. BTIG Research upped their target price on Chipotle Mexican Grill from $1,850.00 to $2,150.00 and gave the company a buy rating in a report on Wednesday, September 8th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $1,780.00 to $1,800.00 and gave the company an overweight rating in a report on Wednesday, July 21st. Finally, Morgan Stanley upped their target price on Chipotle Mexican Grill from $1,602.00 to $1,646.00 and gave the company an equal weight rating in a report on Wednesday, July 21st. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $1,819.76.

CMG opened at $1,909.02 on Wednesday. The firm has a market capitalization of $53.63 billion, a PE ratio of 92.85, a P/E/G ratio of 3.73 and a beta of 1.36. Chipotle Mexican Grill has a fifty-two week low of $1,172.29 and a fifty-two week high of $1,940.99. The company’s 50-day moving average is $1,838.22 and its 200 day moving average is $1,576.41.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Monday, July 19th. The restaurant operator reported $7.46 EPS for the quarter, topping analysts’ consensus estimates of $6.52 by $0.94. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Chipotle Mexican Grill had a return on equity of 28.27% and a net margin of 8.57%. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Sell-side analysts predict that Chipotle Mexican Grill will post 25.48 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 263 shares of the firm’s stock in a transaction dated Thursday, July 22nd. The stock was sold at an average price of $1,781.68, for a total transaction of $468,581.84. Following the sale, the director now owns 38,571 shares in the company, valued at $68,721,179.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Boatwright sold 1,607 shares of the firm’s stock in a transaction dated Monday, July 12th. The shares were sold at an average price of $1,600.00, for a total value of $2,571,200.00. Following the sale, the insider now owns 11,873 shares in the company, valued at approximately $18,996,800. The disclosure for this sale can be found here. Insiders sold 40,408 shares of company stock worth $72,494,297 in the last quarter. 1.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. lifted its position in Chipotle Mexican Grill by 8.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 197 shares of the restaurant operator’s stock valued at $305,000 after purchasing an additional 15 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Chipotle Mexican Grill by 3.1% in the second quarter. Parametric Portfolio Associates LLC now owns 74,865 shares of the restaurant operator’s stock valued at $116,067,000 after purchasing an additional 2,276 shares during the last quarter. Sawtooth Solutions LLC lifted its position in Chipotle Mexican Grill by 22.2% in the second quarter. Sawtooth Solutions LLC now owns 226 shares of the restaurant operator’s stock valued at $350,000 after purchasing an additional 41 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG lifted its position in Chipotle Mexican Grill by 35.1% in the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 1,469 shares of the restaurant operator’s stock valued at $2,277,000 after purchasing an additional 382 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Chipotle Mexican Grill by 240.6% in the second quarter. Marshall Wace LLP now owns 7,755 shares of the restaurant operator’s stock valued at $12,023,000 after purchasing an additional 5,478 shares during the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

Recommended Story: What is a Fibonacci Channel?

The Fly logo

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.