Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 0.6% – What’s Next?

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) shot up 0.6% on Monday . The stock traded as high as $58.99 and last traded at $58.97. 624,940 shares traded hands during trading, a decline of 95% from the average session volume of 13,792,112 shares. The stock had previously closed at $58.63.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMG. Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Piper Sandler boosted their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Guggenheim boosted their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Stock Up 0.3 %

The business’s 50-day moving average price is $58.02 and its 200-day moving average price is $81.31. The firm has a market capitalization of $80.13 billion, a PE ratio of 54.89, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC raised its holdings in shares of Chipotle Mexican Grill by 19.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,990 shares of the restaurant operator’s stock valued at $5,784,000 after buying an additional 327 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Chipotle Mexican Grill by 1.0% in the first quarter. Clearbridge Investments LLC now owns 3,422 shares of the restaurant operator’s stock valued at $9,947,000 after buying an additional 34 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Chipotle Mexican Grill by 216.5% in the first quarter. UniSuper Management Pty Ltd now owns 728 shares of the restaurant operator’s stock valued at $2,116,000 after buying an additional 498 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $11,046,000. Finally, Lake Street Advisors Group LLC increased its position in Chipotle Mexican Grill by 33.1% in the first quarter. Lake Street Advisors Group LLC now owns 241 shares of the restaurant operator’s stock worth $701,000 after purchasing an additional 60 shares during the period. 91.31% of the stock is owned by 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.