Chipotle Mexican Grill (NYSE:CMG) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a $70.00 target price on the restaurant operator’s stock.

CMG has been the subject of a number of other reports. BTIG Research upped their target price on Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a buy rating in a research report on Thursday, April 25th. Oppenheimer reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an outperform rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a neutral rating in a research report on Monday, June 3rd. BMO Capital Markets reduced their price target on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a market perform rating on the stock in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $67.00 and set a buy rating for the company in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $52.47 on Wednesday. Chipotle Mexican Grill has a 52-week low of $35.37 and a 52-week high of $69.26. The stock has a market cap of $72.06 billion, a PE ratio of 55.82, a PEG ratio of 2.23 and a beta of 1.24. The firm has a 50-day moving average of $122.52 and a 200-day moving average of $80.49.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business posted $12.65 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently modified their holdings of CMG. NewEdge Wealth LLC boosted its position in shares of Chipotle Mexican Grill by 7.1% during the 4th quarter. NewEdge Wealth LLC now owns 120 shares of the restaurant operator’s stock worth $274,000 after purchasing an additional 8 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Chipotle Mexican Grill by 1.5% during the fourth quarter. Vontobel Holding Ltd. now owns 1,006 shares of the restaurant operator’s stock valued at $2,301,000 after acquiring an additional 15 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Chipotle Mexican Grill by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,426 shares of the restaurant operator’s stock worth $5,548,000 after purchasing an additional 94 shares during the period. Keel Point LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $261,000. Finally, SVB Wealth LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $309,000. 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.