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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $2,139.72.

Several brokerages have issued reports on CMG. Guggenheim raised their price objective on shares of Chipotle Mexican Grill from $1,550.00 to $1,950.00 and gave the stock a “neutral” rating in a research note on Friday, July 14th. TD Cowen decreased their price objective on shares of Chipotle Mexican Grill from $2,350.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Wedbush decreased their price objective on shares of Chipotle Mexican Grill from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Barclays raised their price objective on shares of Chipotle Mexican Grill from $1,885.00 to $1,950.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 27th. Finally, Argus raised their price objective on shares of Chipotle Mexican Grill from $2,200.00 to $2,400.00 in a research note on Thursday, June 1st.

Chipotle Mexican Grill Trading Up 0.6 %

Shares of NYSE:CMG opened at $1,938.61 on Friday. Chipotle Mexican Grill has a 12 month low of $1,344.05 and a 12 month high of $2,175.01. The company has a 50-day moving average price of $1,984.23 and a 200 day moving average price of $1,883.74. The company has a market cap of $53.48 billion, a price-to-earnings ratio of 48.42, a PEG ratio of 1.64 and a beta of 1.31.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 EPS for the quarter, beating analysts’ consensus estimates of $12.25 by $0.40. Chipotle Mexican Grill had a net margin of 12.00% and a return on equity of 45.85%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the firm earned $9.30 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts forecast that Chipotle Mexican Grill will post 43.06 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, CEO Brian R. Niccol sold 1,086 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total transaction of $2,321,868.00. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $49,915,886. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Brian R. Niccol sold 1,086 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total transaction of $2,321,868.00. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $49,915,886. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,058 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at $45,016,751.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,207 shares of company stock valued at $6,434,541. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of large investors have recently made changes to their positions in the stock. Chapin Davis Inc. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $1,025,000. Western Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 7.8% during the second quarter. Western Wealth Management LLC now owns 318 shares of the restaurant operator’s stock valued at $680,000 after buying an additional 23 shares during the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $1,283,000. BOKF NA grew its holdings in shares of Chipotle Mexican Grill by 30.6% during the second quarter. BOKF NA now owns 1,648 shares of the restaurant operator’s stock valued at $3,525,000 after buying an additional 386 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Chipotle Mexican Grill by 12.9% during the second quarter. Osaic Holdings Inc. now owns 8,674 shares of the restaurant operator’s stock valued at $18,546,000 after buying an additional 994 shares during the last quarter. 91.19% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.