Analysts Set Chipotle Mexican Grill, Inc. (NYSE:CMG) Target Price at $66.31

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been given an average rating of “Moderate Buy” by the twenty-eight research firms that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $66.31.

Several brokerages have recently issued reports on CMG. Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Raymond James decreased their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Evercore ISI boosted 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 note on Thursday, December 5th. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $56.22 on Friday. The firm has a market cap of $76.60 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.14 and a beta of 1.27. The firm has a fifty day moving average of $60.03 and a two-hundred day moving average of $57.99. Chipotle Mexican Grill has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently made changes to their positions in CMG. Geode Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 1.6% during the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after buying an additional 166,767 shares during the period. Franklin Resources Inc. boosted its stake in Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after buying an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Finally, Janus Henderson Group PLC raised its stake in Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after acquiring an additional 518,521 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.