Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average rating of “Moderate Buy” from the twenty-seven analysts that are covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $64.29.

A number of analysts have recently issued reports on CMG shares. Stephens raised their target price on shares of Chipotle Mexican Grill from $60.20 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $48.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Sanford C. Bernstein raised their target price on shares of Chipotle Mexican Grill from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Robert W. Baird raised their target price on shares of Chipotle Mexican Grill from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the sale, the director now directly owns 1,362,500 shares of the company’s stock, valued at approximately $86,273,772.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the sale, the director now directly owns 1,362,500 shares of the company’s stock, valued at approximately $86,273,772.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roger E. Theodoredis sold 125,450 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the sale, the insider now directly owns 54,250 shares in the company, valued at $3,433,417.40. The disclosure for this sale can be found here. Insiders have sold 550,750 shares of company stock valued at $35,023,769 in the last ninety days. 1.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock valued at $7,942,665,000 after purchasing an additional 25,238 shares during the last quarter. Capital World Investors raised its holdings in Chipotle Mexican Grill by 0.8% during the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock worth $2,575,057,000 after buying an additional 8,541 shares during the last quarter. American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 3.5% during the third quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock worth $732,552,000 after buying an additional 13,482 shares during the last quarter. Wellington Management Group LLP raised its holdings in 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 buying an additional 116,723 shares during the last quarter. Finally, Norges Bank acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $805,529,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.7 %

Chipotle Mexican Grill stock opened at $62.83 on Friday. The company has a market cap of $86.29 billion, a P/E ratio of 66.84, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. Chipotle Mexican Grill has a 1-year low of $35.37 and a 1-year high of $69.26. The company has a fifty day simple moving average of $127.77 and a 200 day simple moving average of $77.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts forecast that Chipotle Mexican Grill will post 1.11 EPS 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.