Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $63.00 at Barclays

Chipotle Mexican Grill (NYSE:CMG) had its price target increased by equities researchers at Barclays from $60.00 to $63.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target would suggest a potential upside of 8.08% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Jefferies Financial Group raised their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Citigroup reduced their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Evercore ISI upped their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Down 0.9 %

Shares of NYSE:CMG traded down $0.51 during trading on Tuesday, hitting $58.29. The stock had a trading volume of 3,749,175 shares, compared to its average volume of 6,383,769. Chipotle Mexican Grill has a 12-month low of $44.08 and a 12-month high of $69.26. The stock has a market capitalization of $79.43 billion, a price-to-earnings ratio of 54.25, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The stock has a 50-day simple moving average of $60.95 and a two-hundred day simple moving average of $80.87.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shellback Capital LP grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after buying an additional 122,500 shares during the period. Hantz Financial Services Inc. lifted its holdings in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after acquiring an additional 48,126 shares during the last quarter. L & S Advisors Inc purchased a new position in Chipotle Mexican Grill in the third quarter worth approximately $3,256,000. Optas LLC increased its stake in Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in Chipotle Mexican Grill in the third quarter valued at $758,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.