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

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $65.27.

Several analysts have commented on CMG shares. Royal Bank of Canada started coverage on shares of Chipotle Mexican Grill in a research note on Friday, November 15th. They issued an “outperform” rating and a $70.00 price target on the stock. Piper Sandler boosted their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup lowered their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th.

View Our Latest Report on CMG

Chipotle Mexican Grill Trading Down 0.0 %

Shares of CMG opened at $61.99 on Tuesday. The business’s 50 day moving average is $58.54 and its 200 day moving average is $81.16. Chipotle Mexican Grill has a 12-month low of $43.66 and a 12-month high of $69.26. The company has a market capitalization of $84.47 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 4.13 % 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, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 in the last quarter. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares during the period. American Century Companies Inc. lifted its holdings in Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after buying an additional 19,759,754 shares during the period. Legal & General Group Plc lifted its holdings in Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after buying an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after acquiring an additional 10,139,174 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after acquiring an additional 518,521 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

(Get Free Report

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.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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