Truist Financial reiterated their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG – Free Report) in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a $69.00 target price on the restaurant operator’s stock.
Other equities analysts also recently issued research reports about the stock. Evercore ISI lowered their target price on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set an outperform rating on the stock in a report on Thursday, July 25th. BMO Capital Markets dropped their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a market perform rating for the company in a report on Thursday, July 25th. UBS Group lifted their target price on Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a buy rating in a report on Thursday, April 25th. Barclays decreased their target price on Chipotle Mexican Grill from $58.00 to $55.00 and set an equal weight rating on the stock in a research report on Thursday, July 25th. Finally, Piper Sandler cut their price target on Chipotle Mexican Grill from $61.00 to $56.00 and set a neutral rating for the company in a report on Thursday, July 25th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $62.88.
Get Our Latest Stock Report on Chipotle Mexican Grill
Chipotle Mexican Grill Trading Down 7.5 %
Shares of NYSE CMG opened at $51.68 on Tuesday. Chipotle Mexican Grill has a 12-month low of $35.37 and a 12-month high of $69.26. The firm has a market capitalization of $70.97 billion, a price-to-earnings ratio of 54.98, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The firm has a 50 day moving average of $123.17 and a 200 day moving average of $80.62.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (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 earned $12.65 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill will post 1.09 EPS for the current year.
Insider Transactions at Chipotle Mexican Grill
In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.
Institutional Investors Weigh In On Chipotle Mexican Grill
A number of institutional investors have recently added to or reduced their stakes in CMG. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after acquiring an additional 19,759,754 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after purchasing an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after purchasing an additional 8,186,198 shares in the last quarter. William Blair Investment Management LLC grew its stake in Chipotle Mexican Grill by 4,565.8% during the 2nd quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock worth $318,185,000 after buying an additional 4,969,916 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Chipotle Mexican Grill by 5,583.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,043,441 shares of the restaurant operator’s stock valued at $315,966,000 after buying an additional 4,954,696 shares in the last quarter. Institutional investors 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.
Further Reading
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Source: defenseworld.net
