Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $1,760.00

Chipotle Mexican Grill (NYSE:CMGGet Rating) had its price objective cut by Truist Financial from $2,000.00 to $1,760.00 in a research report sent to investors on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the restaurant operator’s stock.

Several other analysts also recently commented on CMG. TheStreet raised Chipotle Mexican Grill from a c+ rating to a b rating in a research note on Monday, April 18th. Citigroup upped their price objective on Chipotle Mexican Grill from $1,742.00 to $1,969.00 and gave the company a buy rating in a research note on Wednesday. KeyCorp reduced their price objective on Chipotle Mexican Grill from $1,900.00 to $1,750.00 and set an overweight rating for the company in a research note on Wednesday. BMO Capital Markets reduced their price objective on Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a market perform rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group downgraded Chipotle Mexican Grill from a conviction-buy rating to a buy rating and set a $1,720.00 target price for the company. in a research note on Monday, July 18th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of Moderate Buy and a consensus price target of $1,817.00.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $1,564.22 on Wednesday. Chipotle Mexican Grill has a fifty-two week low of $1,196.28 and a fifty-two week high of $1,958.55. The company has a market capitalization of $43.74 billion, a P/E ratio of 58.56, a PEG ratio of 1.83 and a beta of 1.27. The stock has a 50-day simple moving average of $1,330.77 and a 200-day simple moving average of $1,428.64.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 34.77% and a net margin of 9.28%. During the same quarter in the prior year, the firm posted $7.46 earnings per share. As a group, analysts forecast that Chipotle Mexican Grill will post 31.1 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 48 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the sale, the director now owns 927 shares in the company, valued at $1,175,028.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Curtis E. Garner sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $1,382.47, for a total transaction of $1,382,470.00. Following the sale, the chief technology officer now owns 16,387 shares in the company, valued at $22,654,535.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 48 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total value of $60,842.88. Following the sale, the director now owns 927 shares in the company, valued at approximately $1,175,028.12. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CMG. Brown Advisory Inc. raised its position in shares of Chipotle Mexican Grill by 1.4% in the 4th quarter. Brown Advisory Inc. now owns 11,091 shares of the restaurant operator’s stock worth $19,390,000 after buying an additional 149 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Chipotle Mexican Grill by 1.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,370 shares of the restaurant operator’s stock worth $18,129,000 after buying an additional 162 shares during the period. TAP Consulting LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $59,000. Vahanian & Associates Financial Planning Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $392,000. Finally, Bellwether Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $52,000. 89.85% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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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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