Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $66.31 Consensus Target Price from Analysts

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

Several analysts recently issued reports on CMG shares. Wedbush cut their target price on 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. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital boosted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th.

Chipotle Mexican Grill Trading Down 1.8 %

CMG opened at $57.06 on Friday. The stock has a market capitalization of $77.74 billion, a P/E ratio of 51.39, a PEG ratio of 2.14 and a beta of 1.27. The stock has a 50-day moving average price of $59.50 and a 200-day moving average price of $58.07. Chipotle Mexican Grill has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the business. Transcendent Capital Group LLC grew its holdings in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill during the 3rd quarter worth about $33,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $35,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.