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

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been given a consensus rating of “Moderate Buy” by the twenty-eight ratings firms that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $2,759.14.

Several equities research analysts recently commented on CMG shares. Morgan Stanley boosted their price objective on shares of Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Robert W. Baird reissued an “outperform” rating and issued a $2,650.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, January 22nd. Raymond James upped their target price on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. UBS Group upped their target price on shares of Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, BTIG Research increased their price objective on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company a “buy” rating in a research report on Thursday, March 28th.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the transaction, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $53,870,779.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock valued at $18,321,152 in the last 90 days. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Institutional investors have recently bought and sold shares of the stock. Steph & Co. acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $32,000. Coppell Advisory Solutions LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth $32,000. IMA Wealth Inc. increased its holdings in Chipotle Mexican Grill by 185.7% in the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 13 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth $37,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.3 %

CMG stock opened at $2,870.07 on Monday. The firm’s 50-day moving average price is $2,783.24 and its two-hundred day moving average price is $2,385.67. Chipotle Mexican Grill has a 12-month low of $1,768.64 and a 12-month high of $3,023.98. The stock has a market capitalization of $78.70 billion, a price-to-earnings ratio of 64.71, a PEG ratio of 2.46 and a beta of 1.28.

Shares of Chipotle Mexican Grill are scheduled to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be payable to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, beating analysts’ consensus estimates of $9.73 by $0.63. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.29 EPS. Equities analysts predict that Chipotle Mexican Grill will post 53.36 EPS for the current year.

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.