Chipotle Mexican Grill (NYSE:CMG) Upgraded to “Strong-Buy” at Cfra

Cfra upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports. Cfra currently has $73.00 price target on the restaurant operator’s stock, up from their previous price target of $59.00.

Several other analysts also recently commented on CMG. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets increased their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Barclays boosted their price target on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Finally, Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Trading Down 2.5 %

Shares of NYSE:CMG opened at $57.54 on Wednesday. The firm has a market cap of $78.41 billion, a price-to-earnings ratio of 53.56, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a 1 year low of $47.98 and a 1 year high of $69.26. The business has a fifty day simple moving average of $60.36 and a 200 day simple moving average of $57.84.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, sell-side analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Chipotle Mexican Grill in the second quarter worth about $186,000. Czech National Bank boosted its holdings in Chipotle Mexican Grill by 6.6% during the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock valued at $16,075,000 after purchasing an additional 17,276 shares in the last quarter. Mather Group LLC. grew its stake in shares of Chipotle Mexican Grill by 4,408.4% in the 3rd quarter. Mather Group LLC. now owns 12,398 shares of the restaurant operator’s stock valued at $714,000 after purchasing an additional 12,123 shares during the period. Kesler Norman & Wride LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $708,000. Finally, Axiom Advisory LLC raised its holdings in shares of Chipotle Mexican Grill by 1,423.8% in the 3rd quarter. Axiom Advisory LLC now owns 9,600 shares of the restaurant operator’s stock worth $531,000 after buying an additional 8,970 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

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.