Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $66.55 Consensus Target Price from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $66.55.

A number of equities research analysts have commented on the stock. Raymond James raised their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Citigroup decreased 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. Barclays increased their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Truist Financial boosted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $62.24 on Friday. The stock has a market capitalization of $84.81 billion, a P/E ratio of 57.93, a P/E/G ratio of 2.64 and a beta of 1.27. The business has a 50 day simple moving average of $60.78 and a 200 day simple moving average of $81.19. Chipotle Mexican Grill has a one year low of $44.08 and a one year high of $69.26.

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

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was 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. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Large investors have recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $470,000. Blue Trust Inc. boosted its holdings in shares of Chipotle Mexican Grill by 137.3% in the second quarter. Blue Trust Inc. now owns 674 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 390 shares during the period. &PARTNERS purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $1,022,000. Quotient Wealth Partners LLC grew its position in shares of Chipotle Mexican Grill by 5,374.6% in the second quarter. Quotient Wealth Partners LLC now owns 3,887 shares of the restaurant operator’s stock valued at $244,000 after purchasing an additional 3,816 shares in the last quarter. Finally, LRI Investments LLC raised its stake in shares of Chipotle Mexican Grill by 4,242.3% during the 2nd quarter. LRI Investments LLC now owns 2,258 shares of the restaurant operator’s stock valued at $141,000 after purchasing an additional 2,206 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

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.