Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $64.29 Consensus Price Target from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given a consensus rating of “Moderate Buy” by the twenty-seven research firms that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $64.29.

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chipotle Mexican Grill from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Wells Fargo & Company raised their price objective on Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Robert W. Baird raised their price objective on shares of Chipotle Mexican Grill from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Finally, 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.

Chipotle Mexican Grill Stock Down 1.3 %

CMG stock opened at $61.81 on Friday. Chipotle Mexican Grill has a 52 week low of $35.37 and a 52 week high of $69.26. The business has a 50-day simple moving average of $127.77 and a 200 day simple moving average of $78.43. The company has a market cap of $84.89 billion, a PE ratio of 65.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, analysts anticipate that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Activity

In other news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the sale, the chief operating officer now owns 120,600 shares in the company, valued at approximately $7,694,665.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.32, for a total value of $3,166,010.00. Following the sale, the director now directly owns 1,362,500 shares in the company, valued at approximately $86,273,772.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott Boatwright sold 55,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders sold a total of 550,750 shares of company stock valued at $35,023,769 over the last three months. Corporate insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $805,529,000. International Assets Investment Management LLC raised its holdings in Chipotle Mexican Grill by 220,249.6% during the 4th quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock valued at $6,903,850,000 after buying an additional 301,742 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chipotle Mexican Grill by 41.6% during the third quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock worth $727,570,000 after purchasing an additional 116,723 shares during the period. Global Assets Advisory LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $167,256,000. Finally, 1832 Asset Management L.P. bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $100,535,000. 91.31% of the stock is 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.