Chipotle Mexican Grill (NYSE:CMG) Shares Up 0.2% – What’s Next?

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price shot up 0.2% on Monday . The stock traded as high as $59.84 and last traded at $59.51. 1,000,683 shares changed hands during trading, a decline of 93% from the average session volume of 13,991,648 shares. The stock had previously closed at $59.39.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMG. Wedbush restated an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. BMO Capital Markets lowered their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Raymond James lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Truist Financial lifted their price objective on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Piper Sandler lifted their target price on Chipotle Mexican Grill from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $63.03.

Chipotle Mexican Grill Price Performance

The stock has a market cap of $81.92 billion, a price-to-earnings ratio of 63.31, a PEG ratio of 2.41 and a beta of 1.25. The firm has a fifty day moving average of $56.13 and a 200 day moving average of $81.45.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $12.65 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors have recently bought and sold shares of CMG. Park Avenue Securities LLC lifted its holdings in Chipotle Mexican Grill by 8.6% during the 1st quarter. Park Avenue Securities LLC now owns 618 shares of the restaurant operator’s stock worth $1,796,000 after buying an additional 49 shares during the last quarter. RFG Advisory LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $218,000. International Assets Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 57.6% during the first quarter. International Assets Investment Management LLC now owns 208 shares of the restaurant operator’s stock worth $598,000 after purchasing an additional 76 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Chipotle Mexican Grill by 27.8% during the first quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 5 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Chipotle Mexican Grill by 12.1% during the first quarter. Ballentine Partners LLC now owns 269 shares of the restaurant operator’s stock worth $782,000 after purchasing an additional 29 shares in the last quarter. 91.31% of the stock is 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.