Truist Financial has reaffirmed its “buy” rating for Chipotle Mexican Grill’s stock, with a target price of $2,230.00. Several other analysts have also released reports on the company, providing ratings and price targets. Barclays has given Chipotle Mexican Grill an “equal weight” rating and increased its price target from $1,885.00 to $1,950.00. TD Cowen has given the stock an “outperform” rating and lowered its price target from $2,350.00 to $2,200.00. Stifel Nicolaus has reduced its target price from $2,250.00 to $2,150.00, while Guggenheim has raised its price target from $1,550.00 to $1,950.00, giving the stock a “neutral” rating. KeyCorp has also lowered its price target from $2,300.00 to $2,200.00, but has maintained an “overweight” rating.
According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $2,144.71.
Chipotle Mexican Grill’s stock traded down 1.0%, reaching $1,915.90 during mid-day trading on Friday. The company had a trading volume of 62,381 shares. It has a 12-month low of $1,344.05 and a 12-month high of $2,175.01. The stock’s average trading volume is 283,723 shares. Chipotle Mexican Grill has a market capitalization of $52.86 billion, a PE ratio of 47.85, and a beta of 1.30.
In its latest quarterly earnings report, Chipotle Mexican Grill reported earnings per share of $12.65, exceeding the consensus estimate of $12.25. The company generated $2.51 billion in revenue for the quarter, slightly lower than the consensus estimate of $2.53 billion. Chipotle Mexican Grill’s revenue for the quarter increased by 13.6% compared to the same period last year.
CEO Brian R. Niccol has been actively selling shares of the company, with multiple transactions occurring recently. Insiders have sold a total of 3,207 shares over the past 90 days, amounting to a total value of $6,434,541. 0.96% of the stock is owned by insiders.
Institutional investors and hedge funds have been active in trading Chipotle Mexican Grill’s stock. Panagora Asset Management Inc. increased its stake by 79.5% in the first quarter, while Cibc World Market Inc. raised its stake by 15.5%. Canada Pension Plan Investment Board grew its holdings by 7.3%, and Cetera Investment Advisers boosted its stake by 6.1%. Sequoia Financial Advisors LLC also raised its holdings by 38.9%. Overall, 91.19% of Chipotle Mexican Grill’s stock is currently owned by institutional investors.
Chipotle Mexican Grill, Inc. operates a chain of Mexican fast-casual restaurants. It offers a variety of menu items, including burritos, burrito bowls, quesadillas, tacos, and more.