Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $70.00 at Evercore ISI

Chipotle Mexican Grill (NYSE:CMG) had its price target hoisted by Evercore ISI from $59.00 to $70.00 in a research report released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the restaurant operator’s stock.

CMG has been the topic of several other research reports. Stephens reissued an equal weight rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Argus increased their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a buy rating in a research note on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. BMO Capital Markets reduced 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. Finally, Barclays lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an equal weight rating for the company in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of Moderate Buy and a consensus price target of $63.03.

Chipotle Mexican Grill Trading Up 0.9 %

Chipotle Mexican Grill stock opened at $59.81 on Tuesday. The stock has a 50-day moving average price of $55.85 and a two-hundred day moving average price of $81.42. Chipotle Mexican Grill has a 12 month low of $35.58 and a 12 month high of $69.26. The company has a market capitalization of $82.14 billion, a PE ratio of 63.63, a P/E/G ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $12.65 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, analysts predict that Chipotle Mexican Grill will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Curtis E. Garner sold 17,394 shares of the company’s 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 sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings in shares of Chipotle Mexican Grill by 10.9% in the fourth quarter. V Square Quantitative Management LLC now owns 102 shares of the restaurant operator’s stock valued at $233,000 after acquiring an additional 10 shares in the last quarter. Fisher Asset Management LLC grew its stake in Chipotle Mexican Grill by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 2,384 shares of the restaurant operator’s stock valued at $5,453,000 after purchasing an additional 39 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $593,000. HighPoint Advisor Group LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $1,105,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $204,000. 91.31% of the stock is owned by institutional investors.

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.