Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $62.44 Average PT from Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned an average rating of “Moderate Buy” from the twenty-seven brokerages that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $62.44.

CMG has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Piper Sandler cut their price target on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Barclays reduced their target price on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $57.92 on Monday. Chipotle Mexican Grill has a 1 year low of $35.37 and a 1 year high of $69.26. The stock has a fifty day moving average price of $55.31 and a 200-day moving average price of $81.40. The firm has a market cap of $79.54 billion, a PE ratio of 61.62, a P/E/G ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.65 EPS. As a group, equities analysts anticipate that Chipotle Mexican Grill will post 1.08 EPS for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $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 worth $2,817,127. 1.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Peloton Wealth Strategists boosted its stake in shares of Chipotle Mexican Grill by 0.3% during the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after purchasing an additional 4 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Chipotle Mexican Grill by 19.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 4 shares during the last quarter. Diversified Trust Co increased its position in shares of Chipotle Mexican Grill by 0.9% in the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares during the period. Valley National Advisers Inc. increased its position in shares of Chipotle Mexican Grill by 9.8% in the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after acquiring an additional 4 shares during the period. Finally, Scott & Selber Inc. increased its position in shares of Chipotle Mexican Grill by 0.6% in the first quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock valued at $2,093,000 after acquiring an additional 4 shares during the period. 91.31% of the stock is owned by 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.