Chipotle Mexican Grill (NYSE:CMG) Stock Price Expected to Rise, Loop Capital Analyst Says

Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by Loop Capital from $53.00 to $58.00 in a report published on Wednesday, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other research analysts have also recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Guggenheim upped their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Stephens restated an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Raymond James cut their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Company upped their price objective on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $64.47.

Chipotle Mexican Grill Trading Up 5.1 %

CMG stock opened at $58.59 on Wednesday. The stock has a 50-day moving average price of $57.28 and a two-hundred day moving average price of $81.14. Chipotle Mexican Grill has a 12-month low of $39.92 and a 12-month high of $69.26. The company has a market cap of $80.24 billion, a PE ratio of 54.53, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Chipotle Mexican Grill will post 1.1 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,684 shares of company stock worth $2,817,127. Company insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors and hedge funds have recently made changes to their positions in CMG. Valley National Advisers Inc. increased 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 valued at $131,000 after buying an additional 4 shares in the last quarter. Scott & Selber Inc. increased its holdings in shares of Chipotle Mexican Grill by 0.6% during the first quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock worth $2,093,000 after purchasing an additional 4 shares during the period. Quent Capital LLC increased its holdings in shares of Chipotle Mexican Grill by 2.0% during the first quarter. Quent Capital LLC now owns 206 shares of the restaurant operator’s stock worth $599,000 after purchasing an additional 4 shares during the period. First National Bank of Hutchinson increased its holdings in shares of Chipotle Mexican Grill by 1.1% during the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after purchasing an additional 4 shares during the period. Finally, Pacific Center for Financial Services increased its stake in Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after acquiring an additional 4 shares during the last quarter. 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.