Maxim Group Analysts Give Chipotle Mexican Grill (NYSE:CMG) a $825.00 Price Target

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Chipotle Mexican Grill (NYSE:CMG) has been given a $825.00 price objective by investment analysts at Maxim Group in a research report issued on Tuesday, October 15th, Briefing.com Automated Import reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Maxim Group’s price target indicates a potential upside of 12.76% from the company’s previous close.

A number of other research firms have also issued reports on CMG. Goldman Sachs Group set a $1,000.00 price target on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Friday, August 30th. Wedbush raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $780.00 to $980.00 in a research report on Monday, September 9th. William Blair reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, September 24th. KeyCorp increased their price target on shares of Chipotle Mexican Grill from $780.00 to $860.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, ValuEngine lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $779.03.

CMG stock traded down $5.72 during mid-day trading on Tuesday, reaching $731.62. 527,514 shares of the stock traded hands, compared to its average volume of 580,688. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 1.63. Chipotle Mexican Grill has a 52-week low of $383.20 and a 52-week high of $857.90. The company has a market cap of $20.59 billion, a P/E ratio of 80.75, a P/E/G ratio of 2.75 and a beta of 0.70. The stock’s fifty day moving average is $807.05 and its 200-day moving average is $764.86.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.69. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Chipotle Mexican Grill had a net margin of 5.77% and a return on equity of 23.97%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 earnings per share. Equities research analysts expect that Chipotle Mexican Grill will post 13.73 earnings per share for the current year.

In related news, CEO Brian R. Niccol sold 1,938 shares of Chipotle Mexican Grill stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $824.90, for a total value of $1,598,656.20. Following the completion of the transaction, the chief executive officer now directly owns 28,542 shares of the company’s stock, valued at $23,544,295.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pershing Square Capital Manage sold 29,200 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $815.60, for a total value of $23,815,520.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,526 shares of company stock valued at $39,109,343. Company insiders own 2.21% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $347,000. FMR LLC grew its position in shares of Chipotle Mexican Grill by 88.7% during the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock worth $812,301,000 after buying an additional 537,677 shares during the period. Gulf International Bank UK Ltd grew its position in shares of Chipotle Mexican Grill by 6.0% during the 2nd quarter. Gulf International Bank UK Ltd now owns 6,460 shares of the restaurant operator’s stock worth $4,734,000 after buying an additional 367 shares during the period. Dupont Capital Management Corp grew its position in shares of Chipotle Mexican Grill by 68.9% during the 3rd quarter. Dupont Capital Management Corp now owns 743 shares of the restaurant operator’s stock worth $624,000 after buying an additional 303 shares during the period. Finally, Aperio Group LLC grew its position in shares of Chipotle Mexican Grill by 9.6% during the 2nd quarter. Aperio Group LLC now owns 7,813 shares of the restaurant operator’s stock worth $5,726,000 after buying an additional 682 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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