Chipotle Mexican Grill (NYSE:CMG) Given Outperform Rating at Sanford C. Bernstein

Sanford C. Bernstein reissued their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $70.00 price objective on the restaurant operator’s stock.

Other research analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Truist Financial increased their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Evercore ISI increased their target price 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. Wells Fargo & Company increased their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Loop Capital increased their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.88.

Chipotle Mexican Grill Price Performance

CMG opened at $57.76 on Tuesday. The business has a 50 day simple moving average of $60.63 and a two-hundred day simple moving average of $57.72. The firm has a market capitalization of $78.70 billion, a price-to-earnings ratio of 53.76, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill has a one year low of $46.29 and a one year 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 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’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 transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently modified their holdings of the company. Stiles Financial Services Inc boosted its stake in shares of Chipotle Mexican Grill by 6.0% in the 4th quarter. Stiles Financial Services Inc now owns 9,950 shares of the restaurant operator’s stock worth $600,000 after buying an additional 560 shares during the last quarter. Martin Capital Advisors LLP boosted its stake in shares of Chipotle Mexican Grill by 1.5% in the 4th quarter. Martin Capital Advisors LLP now owns 38,194 shares of the restaurant operator’s stock worth $2,303,000 after buying an additional 550 shares during the last quarter. 17 Capital Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 1.6% in the 4th quarter. 17 Capital Partners LLC now owns 14,467 shares of the restaurant operator’s stock worth $872,000 after buying an additional 225 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $691,000. Finally, Kestra Private Wealth Services LLC lifted its position in Chipotle Mexican Grill by 16.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 210,470 shares of the restaurant operator’s stock valued at $12,691,000 after purchasing an additional 29,566 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.