Analysts Set Chipotle Mexican Grill, Inc. (NYSE:CMG) Target Price at $1,871.00

Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty-eight analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and twenty have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $1,844.79.

Several research firms recently commented on CMG. Citigroup lifted their price objective on Chipotle Mexican Grill from $1,986.00 to $2,084.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Oppenheimer lifted their price target on shares of Chipotle Mexican Grill from $1,725.00 to $1,875.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Cowen increased their price objective on shares of Chipotle Mexican Grill from $1,950.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Wedbush reaffirmed an “outperform” rating and issued a $2,080.00 target price on shares of Chipotle Mexican Grill in a research report on Friday. Finally, KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $1,800.00 to $1,780.00 and set an “overweight” rating for the company in a research note on Wednesday, February 8th.

Insider Buying and Selling

In related news, CEO Brian R. Niccol sold 991 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $1,537.37, for a total value of $1,523,533.67. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $35,892,977.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Brian R. Niccol sold 991 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $1,537.37, for a total transaction of $1,523,533.67. Following the sale, the chief executive officer now owns 23,347 shares in the company, valued at $35,892,977.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 2,193 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $1,633.11, for a total transaction of $3,581,410.23. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $38,128,219.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,404 shares of company stock worth $15,317,901. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in Chipotle Mexican Grill by 55.0% during the second quarter. Cetera Investment Advisers now owns 1,204 shares of the restaurant operator’s stock valued at $1,574,000 after buying an additional 427 shares during the last quarter. Sawtooth Solutions LLC raised its holdings in shares of Chipotle Mexican Grill by 43.3% during the 3rd quarter. Sawtooth Solutions LLC now owns 467 shares of the restaurant operator’s stock worth $702,000 after acquiring an additional 141 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Chipotle Mexican Grill by 106.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 79,607 shares of the restaurant operator’s stock valued at $119,630,000 after acquiring an additional 41,020 shares during the last quarter. General Partner Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $79,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Chipotle Mexican Grill in the third quarter worth $243,000. Hedge funds and other institutional investors own 93.26% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.0 %

Shares of CMG opened at $1,608.84 on Friday. Chipotle Mexican Grill has a twelve month low of $1,196.28 and a twelve month high of $1,754.56. The company has a market capitalization of $44.44 billion, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30. The firm has a 50 day moving average of $1,571.63 and a 200 day moving average of $1,539.73.

Chipotle Mexican Grill (NYSE:CMG – Get Rating) last issued its earnings results on Tuesday, February 7th. The restaurant operator reported $8.29 EPS for the quarter, missing the consensus estimate of $8.88 by ($0.59). Chipotle Mexican Grill had a net margin of 10.41% and a return on equity of 40.96%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the business posted $5.58 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill will post 41.38 EPS for the current year.

About Chipotle Mexican Grill

(Get Rating)

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.