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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given a consensus rating of “Moderate Buy” by the twenty-six ratings firms that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $3,137.12.

A number of brokerages recently commented on CMG. Sanford C. Bernstein lifted their price objective on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,440.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th.

Chipotle Mexican Grill Stock Up 1.6 %

Chipotle Mexican Grill stock opened at $3,232.97 on Friday. The company has a fifty day simple moving average of $2,910.46 and a 200-day simple moving average of $2,505.89. The firm has a market capitalization of $88.81 billion, a price-to-earnings ratio of 68.99, a PEG ratio of 2.53 and a beta of 1.26. Chipotle Mexican Grill has a 52-week low of $1,768.64 and a 52-week high of $3,241.42.

Chipotle Mexican Grill shares are set to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. On average, research analysts anticipate that Chipotle Mexican Grill will post 55.08 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the sale, the director now owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Albert S. Baldocchi sold 750 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the completion of the transaction, the director now directly owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Insiders sold 14,914 shares of company stock valued at $46,199,920 in the last 90 days. Company insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Chipotle Mexican Grill by 0.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,029 shares of the restaurant operator’s stock valued at $7,380,000 after acquiring an additional 17 shares during the last quarter. Mackenzie Financial Corp increased its stake in Chipotle Mexican Grill by 2.4% in the third quarter. Mackenzie Financial Corp now owns 2,332 shares of the restaurant operator’s stock valued at $4,284,000 after purchasing an additional 55 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Chipotle Mexican Grill by 15.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,925 shares of the restaurant operator’s stock worth $34,861,000 after purchasing an additional 2,535 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Chipotle Mexican Grill by 7.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 280 shares of the restaurant operator’s stock worth $510,000 after buying an additional 19 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $1,033,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.