Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,400.00 at KeyCorp

Chipotle Mexican Grill (NYSE:CMG) had its price objective upped by equities research analysts at KeyCorp from $3,250.00 to $3,400.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price objective suggests a potential upside of 6.60% from the company’s previous close.

Several other analysts also recently issued reports on CMG. Truist Financial raised their price target on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. BTIG Research increased their target price on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Citigroup upped their target price on Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the company a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Raymond James reissued an “outperform” rating and issued a $3,340.00 price objective (up from $3,300.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,137.12.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $3,189.40 on Thursday. The business’s fifty day moving average price is $2,822.95 and its 200 day moving average price is $2,426.07. Chipotle Mexican Grill has a 1-year low of $1,768.64 and a 1-year high of $3,199.99. The firm has a market capitalization of $87.61 billion, a PE ratio of 68.06, a P/E/G ratio of 2.60 and a beta of 1.28.

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

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities research analysts expect that Chipotle Mexican Grill will post 54.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert S. Baldocchi sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the sale, the director now owns 37,271 shares of the company’s stock, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock valued at $18,321,152 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently modified their holdings of the company. Byrne Asset Management LLC lifted its position in shares of Chipotle Mexican Grill by 11.8% in the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 4 shares during the period. Evermay Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 4 shares during the period. Peloton Wealth Strategists lifted its position in shares of Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after acquiring an additional 4 shares during the period. Diversified Trust Co lifted its position in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after acquiring an additional 4 shares during the period. Finally, Valley National Advisers Inc. lifted its position in shares of Chipotle Mexican Grill by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after acquiring an additional 4 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.