Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $3,600.00 at Deutsche Bank Aktiengesellschaft

Chipotle Mexican Grill (NYSE:CMG) had its price target boosted by Deutsche Bank Aktiengesellschaft from $3,400.00 to $3,600.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other analysts have also recently commented on the stock. Citigroup raised their price target on shares of Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a buy rating in a report on Monday, April 8th. Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the stock an outperform rating in a report on Thursday. Robert W. Baird raised their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an outperform rating in a report on Thursday. Raymond James restated an outperform rating and set a $3,340.00 price target (up from $3,300.00) on shares of Chipotle Mexican Grill in a report on Thursday. Finally, Stifel Nicolaus raised their price target on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a buy rating in a report on Thursday, April 11th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $3,057.68.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded up $69.27 during midday trading on Thursday, reaching $3,181.24. 156,099 shares of the company were exchanged, compared to its average volume of 240,293. Chipotle Mexican Grill has a 12 month low of $1,768.64 and a 12 month high of $3,182.21. The company has a market cap of $87.39 billion, a P/E ratio of 67.09, a PEG ratio of 2.48 and a beta of 1.28. The company’s 50 day moving average price is $2,811.11 and its two-hundred day moving average price is $2,416.65.

Shares of Chipotle Mexican Grill are set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping the consensus estimate of $11.63 by $1.74. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 45.46%. As a group, sell-side analysts predict that Chipotle Mexican Grill will post 53.49 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently bought and sold shares of CMG. Steph & Co. bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at $29,000. Fortitude Family Office LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $32,000. Turtle Creek Wealth Advisors LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $37,000. ICA Group Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $38,000. Institutional investors own 91.31% of the company’s stock.

About Chipotle Mexican Grill

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.