Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Recommendation of “Moderate Buy” by Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) has received a consensus recommendation of “Moderate Buy” from the thirty-four brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1,837.55.

Several research analysts recently issued reports on the company. Cowen cut their target price on Chipotle Mexican Grill from $1,830.00 to $1,600.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Royal Bank of Canada raised their price objective on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. BMO Capital Markets cut their price objective on shares of Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a “market perform” rating for the company in a research report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating for the company in a research report on Wednesday, July 27th. Finally, Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $2,000.00 to $1,760.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CMO Christopher W. Brandt sold 1,532 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the completion of the transaction, the chief marketing officer now owns 8,508 shares of the company’s stock, valued at $12,795,691.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Curtis E. Garner sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,526.90, for a total transaction of $5,038,770.00. Following the completion of the sale, the chief technology officer now owns 12,321 shares of the company’s stock, valued at $18,812,934.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher W. Brandt sold 1,532 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the sale, the chief marketing officer now directly owns 8,508 shares of the company’s stock, valued at approximately $12,795,691.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,825 shares of company stock valued at $15,603,167. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $47,000. Brown Advisory Inc. grew its position in Chipotle Mexican Grill by 34.1% in the 2nd quarter. Brown Advisory Inc. now owns 201,906 shares of the restaurant operator’s stock worth $263,944,000 after purchasing an additional 51,360 shares during the period. Verition Fund Management LLC grew its position in Chipotle Mexican Grill by 131.8% in the 2nd quarter. Verition Fund Management LLC now owns 163 shares of the restaurant operator’s stock worth $213,000 after purchasing an additional 676 shares during the period. Legal & General Group Plc grew its position in Chipotle Mexican Grill by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 198,288 shares of the restaurant operator’s stock worth $259,214,000 after purchasing an additional 2,513 shares during the period. Finally, CNB Bank grew its position in Chipotle Mexican Grill by 5.0% in the 2nd quarter. CNB Bank now owns 378 shares of the restaurant operator’s stock worth $494,000 after purchasing an additional 18 shares during the period. Institutional investors own 93.15% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $1,693.57 on Friday. Chipotle Mexican Grill has a 52 week low of $1,196.28 and a 52 week high of $1,958.55. The stock has a 50 day moving average price of $1,564.17 and a two-hundred day moving average price of $1,469.37. The stock has a market capitalization of $47.01 billion, a PE ratio of 63.41, a price-to-earnings-growth ratio of 2.26 and a beta of 1.30.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last announced its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 35.14% and a net margin of 9.28%. During the same quarter in the previous year, the business earned $7.46 EPS. Research analysts forecast that Chipotle Mexican Grill will post 32.5 EPS for the current year.

Chipotle Mexican Grill Company Profile

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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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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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