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

Chipotle Mexican Grill (NYSE:CMG) had its price target raised by Truist Financial from $71.00 to $72.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other research analysts also recently weighed in on the company. Guggenheim upped their target price on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. The Goldman Sachs Group reduced their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Barclays reduced their target price on 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. Finally, Citigroup upped their target price on Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. 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 MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $58.59 on Wednesday. Chipotle Mexican Grill has a 1 year low of $39.92 and a 1 year high of $69.26. The company has a market cap of $80.24 billion, a PE ratio of 54.76, a P/E/G ratio of 2.41 and a beta of 1.26. The stock’s 50-day moving average is $57.28 and its 200 day moving average is $81.30.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post 1.1 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’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 completion of the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC raised its stake in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Covestor Ltd increased its stake in shares of Chipotle Mexican Grill by 6.5% in the 3rd quarter. Covestor Ltd now owns 4,167 shares of the restaurant operator’s stock worth $240,000 after purchasing an additional 253 shares in the last quarter. 17 Capital Partners LLC increased its stake in shares of Chipotle Mexican Grill by 2.8% in the 3rd quarter. 17 Capital Partners LLC now owns 14,242 shares of the restaurant operator’s stock worth $821,000 after purchasing an additional 392 shares in the last quarter. Sustainable Insight Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 39.7% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 88,300 shares of the restaurant operator’s stock worth $5,088,000 after purchasing an additional 25,100 shares in the last quarter. Finally, Carr Financial Group Corp increased its stake in shares of Chipotle Mexican Grill by 12.8% in the 3rd quarter. Carr Financial Group Corp now owns 4,400 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 500 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.