Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $62.36 Average Price Target from Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been assigned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $62.36.

CMG has been the topic of a number of research reports. Oppenheimer cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Citigroup decreased their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 25th. TD Cowen dropped their target price on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Stephens restated an “equal weight” rating and issued a $61.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, Evercore ISI lowered their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Byrne Asset Management LLC raised its position in shares of Chipotle Mexican Grill by 11.8% in the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 4 shares in the last quarter. Evermay Wealth Management LLC raised its position in Chipotle Mexican Grill by 1.8% during the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after purchasing an additional 4 shares in the last quarter. Peloton Wealth Strategists lifted its stake in Chipotle Mexican Grill by 0.3% during the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after purchasing an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Chipotle Mexican Grill by 19.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after purchasing an additional 4 shares in the last quarter. Finally, Diversified Trust Co increased its stake in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $53.71 on Friday. Chipotle Mexican Grill has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The business’s 50-day simple moving average is $121.44 and its 200-day simple moving average is $80.63. The stock has a market capitalization of $73.76 billion, a PE ratio of 57.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $12.65 EPS. On average, research analysts expect that Chipotle Mexican Grill will post 1.09 earnings per share 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.