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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $64.47.

A number of research analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday. Stephens lowered their price target on shares of Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Wednesday. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Truist Financial lifted their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday.

Chipotle Mexican Grill Stock Up 0.1 %

CMG opened at $55.77 on Friday. The business’s fifty day simple moving average is $57.18 and its 200 day simple moving average is $81.14. Chipotle Mexican Grill has a 52 week low of $38.01 and a 52 week high of $69.26. The stock has a market cap of $76.38 billion, a PE ratio of 54.68, a P/E/G ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. As a group, equities analysts anticipate that Chipotle Mexican Grill will post 1.08 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock worth $2,817,127 over the last ninety days. 1.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMG. Norden Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth $2,163,000. First Trust Direct Indexing L.P. increased its holdings in Chipotle Mexican Grill by 14.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 458 shares of the restaurant operator’s stock worth $1,331,000 after buying an additional 59 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in Chipotle Mexican Grill in the 1st quarter worth about $640,000. Prosperity Consulting Group LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter worth about $203,000. Finally, Blue Trust Inc. lifted its stake in Chipotle Mexican Grill by 72.1% during the 1st 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. 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.