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

Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) has been given a consensus rating of “Moderate Buy” by the twenty-eight brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $1,844.79.

A number of equities research analysts have commented on CMG shares. Robert W. Baird upped their price target on Chipotle Mexican Grill from $1,800.00 to $1,900.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Truist Financial cut their price target on Chipotle Mexican Grill from $1,825.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, February 8th. StockNews.com began coverage on shares of Chipotle Mexican Grill in a research report on Thursday. They set a “hold” rating on the stock. Oppenheimer raised their price target on shares of Chipotle Mexican Grill from $1,725.00 to $1,875.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Chipotle Mexican Grill from $1,713.00 to $1,657.00 and set a “hold” rating for the company in a research note on Monday, February 13th.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $1,608.84 on Friday. The stock has a market cap of $44.44 billion, a PE ratio of 50.18, a PEG ratio of 1.46 and a beta of 1.30. The firm’s fifty day moving average price is $1,571.63 and its two-hundred day moving average price is $1,539.73. Chipotle Mexican Grill has a fifty-two week low of $1,196.28 and a fifty-two week high of $1,754.56.

Chipotle Mexican Grill (NYSE:CMG – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The restaurant operator reported $8.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.88 by ($0.59). The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.23 billion. Chipotle Mexican Grill had a net margin of 10.41% and a return on equity of 40.96%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.58 earnings per share. As a group, sell-side analysts predict that Chipotle Mexican Grill will post 41.38 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 991 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $1,537.37, for a total value of $1,523,533.67. Following the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $35,892,977.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Christopher W. Brandt sold 584 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $1,595.00, for a total value of $931,480.00. Following the completion of the transaction, the chief marketing officer now directly owns 7,782 shares of the company’s stock, valued at approximately $12,412,290. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian R. Niccol sold 991 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $1,537.37, for a total transaction of $1,523,533.67. Following the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $35,892,977.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,404 shares of company stock worth $15,317,901. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 5.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 838 shares of the restaurant operator’s stock worth $1,163,000 after purchasing an additional 40 shares in the last quarter. Great Lakes Retirement Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $933,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Chipotle Mexican Grill by 8.2% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 463 shares of the restaurant operator’s stock valued at $642,000 after acquiring an additional 35 shares during the period. Natixis boosted its position in shares of Chipotle Mexican Grill by 416.9% in the fourth quarter. Natixis now owns 8,834 shares of the restaurant operator’s stock valued at $12,257,000 after acquiring an additional 7,125 shares during the period. Finally, Kovack Advisors Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $365,000. 93.26% of the stock is currently owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.