Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $64.47 Consensus Target Price from Analysts

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $64.47.

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, BMO Capital Markets raised their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,684 shares of company stock valued at $2,817,127. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently added to or reduced their stakes in CMG. Norden Group LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $2,163,000. First Trust Direct Indexing L.P. increased its position in shares of Chipotle Mexican Grill by 14.8% in the first quarter. First Trust Direct Indexing L.P. now owns 458 shares of the restaurant operator’s stock valued at $1,331,000 after acquiring an additional 59 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $640,000. Prosperity Consulting Group LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $203,000. Finally, Blue Trust Inc. increased its position in shares of Chipotle Mexican Grill by 72.1% in the first quarter. Blue Trust Inc. now owns 284 shares of the restaurant operator’s stock valued at $826,000 after acquiring an additional 119 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $58.59 on Friday. The firm has a market cap of $80.24 billion, a price-to-earnings ratio of 54.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. Chipotle Mexican Grill has a 52 week low of $39.92 and a 52 week high of $69.26. The firm has a 50-day moving average price of $57.28 and a two-hundred day moving average price of $81.46.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

About Chipotle Mexican Grill

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.