Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Chipotle Mexican Grill (NYSE:CMG)

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note released on Wednesday morning, Benzinga reports. They currently have a $67.00 price target on the restaurant operator’s stock.

A number of other research analysts have also weighed in on CMG. UBS Group boosted their target price on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Robert W. Baird cut their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an outperform rating for the company in a research report on Wednesday. BMO Capital Markets lowered their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a market perform rating on the stock in a report on Thursday, July 25th. Evercore ISI cut their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set an outperform rating for the company in a report on Thursday, July 25th. Finally, Citigroup reduced their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a buy rating for the company in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of Moderate Buy and a consensus price target of $62.36.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $52.47 on Wednesday. The business’s 50-day simple moving average is $122.52 and its 200-day simple moving average is $80.49. Chipotle Mexican Grill has a 52 week low of $35.37 and a 52 week high of $69.26. The firm has a market cap of $72.06 billion, a price-to-earnings ratio of 55.82, a P/E/G ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly 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. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $12.65 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts forecast that Chipotle Mexican Grill will post 1.09 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Regal Investment Advisors LLC grew its position in Chipotle Mexican Grill by 8,849.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 12,350 shares of the restaurant operator’s stock worth $774,000 after acquiring an additional 12,212 shares during the last quarter. Quarry LP acquired a new position in Chipotle Mexican Grill in the second quarter worth $37,000. Invst LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $279,000. Seaport Global Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Seaport Global Advisors LLC now owns 13,050 shares of the restaurant operator’s stock valued at $818,000 after buying an additional 12,789 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Chipotle Mexican Grill by 4,407.4% in the second quarter. Sunbelt Securities Inc. now owns 9,150 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 8,947 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.