Chipotle Mexican Grill (NYSE:CMG) Given New $56.00 Price Target at BMO Capital Markets

Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by BMO Capital Markets from $55.00 to $56.00 in a report published on Wednesday, Benzinga reports. They currently have a market perform rating on the restaurant operator’s stock.

A number of other research analysts have also commented on the company. Guggenheim increased their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Citigroup increased their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Oppenheimer reiterated an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $55.76 on Wednesday. The firm has a market cap of $76.36 billion, a PE ratio of 54.67, a PEG ratio of 2.41 and a beta of 1.25. The firm’s 50 day moving average price is $57.14 and its 200 day moving average price is $81.32. Chipotle Mexican Grill has a twelve month low of $38.01 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the 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 sale, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated 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 $2,340,333.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,684 shares of company stock valued at $2,817,127 in the last three months. Corporate insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Benchmark Financial Wealth Advisors LLC boosted its position in Chipotle Mexican Grill by 18.6% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 4,684 shares of the restaurant operator’s stock valued at $270,000 after buying an additional 734 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in shares of Chipotle Mexican Grill by 90.3% during the third quarter. Marks Group Wealth Management Inc now owns 103,143 shares of the restaurant operator’s stock valued at $5,943,000 after acquiring an additional 48,937 shares during the period. Global Wealth Management Investment Advisory Inc. bought a new position in Chipotle Mexican Grill in the third quarter valued at about $1,757,000. Heritage Investors Management Corp increased its position in Chipotle Mexican Grill by 10.7% in the third quarter. Heritage Investors Management Corp now owns 411,356 shares of the restaurant operator’s stock worth $23,702,000 after purchasing an additional 39,906 shares during the period. Finally, Arthur M. Cohen & Associates LLC raised its holdings in Chipotle Mexican Grill by 3.6% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 59,290 shares of the restaurant operator’s stock worth $3,390,000 after purchasing an additional 2,040 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.