Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives Average Recommendation of “Buy” from Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) has received an average recommendation of “Buy” from the thirty-one ratings firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $1,975.69.

CMG has been the topic of several recent analyst reports. KeyCorp raised their price target on Chipotle Mexican Grill from $1,850.00 to $1,900.00 and gave the company an “overweight” rating in a report on Thursday, April 14th. BTIG Research lowered their price target on Chipotle Mexican Grill from $2,150.00 to $1,975.00 and set a “buy” rating on the stock in a report on Friday, February 4th. OTR Global cut Chipotle Mexican Grill to a “positive” rating in a report on Thursday, December 23rd. William Blair reissued an “outperform” rating on shares of Chipotle Mexican Grill in a report on Tuesday, February 8th. Finally, Piper Sandler decreased their price objective on Chipotle Mexican Grill from $2,600.00 to $2,500.00 and set an “overweight” rating on the stock in a report on Monday, March 14th.

In other news, insider Marissa Andrada sold 1,456 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $1,480.76, for a total value of $2,155,986.56. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.01% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $28,000. Confluence Wealth Services Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $27,000. James Reed Financial Services Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $27,000. Equitec Proprietary Markets LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Finally, Retirement Planning Co of New England Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Institutional investors own 89.90% of the company’s stock.

Shares of NYSE CMG opened at $1,612.58 on Thursday. Chipotle Mexican Grill has a 52 week low of $1,277.41 and a 52 week high of $1,958.55. The business has a 50-day simple moving average of $1,531.93 and a two-hundred day simple moving average of $1,627.79. The company has a market cap of $45.18 billion, a P/E ratio of 70.36, a P/E/G ratio of 2.56 and a beta of 1.31.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its earnings results on Tuesday, February 8th. The restaurant operator reported $5.58 EPS for the quarter, topping the consensus estimate of $5.18 by $0.40. Chipotle Mexican Grill had a return on equity of 32.65% and a net margin of 8.65%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $3.48 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill will post 31.31 EPS for the current fiscal year.

About Chipotle Mexican Grill (Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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