Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been assigned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are currently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $64.29.

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Chipotle Mexican Grill from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Oppenheimer raised their price target on Chipotle Mexican Grill from $66.00 to $69.70 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Stephens raised their price target on Chipotle Mexican Grill from $60.20 to $61.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Finally, Piper Sandler raised their price target on Chipotle Mexican Grill from $48.84 to $61.40 and gave the stock a “neutral” rating in a report on Thursday, April 25th.

Chipotle Mexican Grill Price Performance

CMG opened at $62.83 on Friday. The business’s 50-day moving average is $127.77 and its two-hundred day moving average is $77.99. Chipotle Mexican Grill has a 1 year low of $35.37 and a 1 year high of $69.26. The firm has a market capitalization of $86.29 billion, a PE ratio of 66.84, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 320,300 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the completion of the transaction, the chief executive officer now directly owns 1,133,450 shares of the company’s stock, valued at $72,221,620.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Brian R. Niccol sold 320,300 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the completion of the sale, the chief executive officer now directly owns 1,133,450 shares in the company, valued at $72,221,620.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Scott Boatwright sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the sale, the chief operating officer now owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,750 shares of company stock valued at $35,023,769. 1.02% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently made changes to their positions in CMG. Steph & Co. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. ICA Group Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $37,000. Finally, Semmax Financial Advisors Inc. grew its holdings in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.