Chipotle Mexican Grill (NYSE:CMG) PT Raised to $71.00 at Citigroup

Chipotle Mexican Grill (NYSE:CMG) had its price objective upped by research analysts at Citigroup from $69.00 to $71.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective would suggest a potential upside of 25.18% from the company’s current price.

Several other brokerages have also issued reports on CMG. Argus lifted their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Barclays decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. TD Cowen reaffirmed a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Finally, Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $62.44.

Chipotle Mexican Grill Trading Down 1.7 %

Shares of NYSE:CMG opened at $56.72 on Wednesday. The firm has a 50 day moving average of $54.94 and a 200-day moving average of $81.06. The stock has a market capitalization of $77.90 billion, a PE ratio of 60.34, a PEG ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill has a 12 month low of $35.37 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $12.65 EPS. On average, research analysts predict that Chipotle Mexican Grill will post 1.08 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The disclosure for this sale can be found here. Insiders have sold 34,934 shares of company stock worth $1,918,589 in the last quarter. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Steph & Co. acquired a new position in Chipotle Mexican Grill during the first quarter worth $29,000. Semmax Financial Advisors Inc. raised its holdings in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $44,000. Westside Investment Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $58,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Chipotle Mexican Grill by 27.8% in the first quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds 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.