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

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received an average rating of “Moderate Buy” from the twenty-six analysts that are presently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2,720.59.

CMG has been the subject of a number of research analyst reports. Oppenheimer increased their price target on Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. UBS Group raised their target price on Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley raised their target price on Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an “equal weight” rating in a research report on Friday. Stifel Nicolaus raised their target price on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Piper Sandler raised their target price on Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 16th.

Chipotle Mexican Grill Trading Down 1.1 %

Shares of CMG stock opened at $2,957.60 on Monday. The stock has a market cap of $81.10 billion, a price-to-earnings ratio of 66.69, a PEG ratio of 2.53 and a beta of 1.28. The stock has a 50-day moving average of $2,749.70 and a 200-day moving average of $2,355.75. Chipotle Mexican Grill has a 1-year low of $1,706.14 and a 1-year high of $3,023.98.

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

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.63. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.29 earnings per share. Sell-side analysts forecast that Chipotle Mexican Grill will post 53.31 earnings per share for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the completion of the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,793 shares of company stock valued at $18,321,152. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Steph & Co. purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $32,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.