Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have earned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $66.81.

Several research analysts have recently commented on the company. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Barclays lifted their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets lifted their price target 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.

Chipotle Mexican Grill Trading Up 0.2 %

Shares of NYSE:CMG opened at $56.35 on Wednesday. The company has a market cap of $76.78 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill has a 12 month low of $45.50 and a 12 month high of $69.26. The company has a 50-day moving average price of $60.94 and a 200 day moving average price of $57.91.

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

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ERn Financial LLC boosted its stake in shares of Chipotle Mexican Grill by 2.3% during the 4th quarter. ERn Financial LLC now owns 11,452 shares of the restaurant operator’s stock worth $691,000 after acquiring an additional 258 shares in the last quarter. Avity Investment Management Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $28,600,000. Clarus Wealth Advisors boosted its position in Chipotle Mexican Grill by 17.8% during the fourth quarter. Clarus Wealth Advisors now owns 13,428 shares of the restaurant operator’s stock worth $755,000 after purchasing an additional 2,032 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Chipotle Mexican Grill by 16.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,472 shares of the restaurant operator’s stock valued at $1,958,000 after purchasing an additional 4,497 shares during the period. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $1,182,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

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.