Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives Consensus Rating of “Moderate Buy” from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average rating of “Moderate Buy” from the twenty-seven brokerages that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.81.

CMG has been the topic of a number of recent research reports. Evercore ISI increased their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. TD Cowen lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial boosted 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. Barclays raised their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th.

Chipotle Mexican Grill Stock Down 1.4 %

Shares of CMG stock opened at $57.52 on Wednesday. The firm has a market cap of $78.38 billion, a P/E ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27. The company has a 50 day moving average of $60.91 and a 200-day moving average of $57.85. Chipotle Mexican Grill has a 12-month low of $46.01 and a 12-month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. As a group, equities analysts expect that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wealthspire Advisors LLC grew its holdings in Chipotle Mexican Grill by 5,360.6% in the second quarter. Wealthspire Advisors LLC now owns 9,010 shares of the restaurant operator’s stock valued at $564,000 after purchasing an additional 8,845 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Chipotle Mexican Grill by 6,212.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 13,950 shares of the restaurant operator’s stock valued at $874,000 after acquiring an additional 13,729 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in Chipotle Mexican Grill by 7,044.7% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 62,230 shares of the restaurant operator’s stock valued at $3,899,000 after acquiring an additional 61,359 shares during the last quarter. Rathbones Group PLC raised its position in Chipotle Mexican Grill by 4,697.3% during the second quarter. Rathbones Group PLC now owns 3,550 shares of the restaurant operator’s stock worth $222,000 after acquiring an additional 3,476 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Chipotle Mexican Grill by 4,408.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,050 shares of the restaurant operator’s stock valued at $316,000 after purchasing an additional 4,938 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.