Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $2,720.59 Average Price Target from Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been assigned a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $2,719.86.

Several research firms recently commented on CMG. Barclays boosted their price objective on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price objective on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Truist Financial boosted their target price on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Stephens initiated coverage on shares of Chipotle Mexican Grill in a research note on Friday, April 12th. They set an “equal weight” rating and a $3,010.00 price target for the company. Finally, Raymond James lifted their price objective on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a report on Thursday, January 25th.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $2,900.71 on Monday. The company has a market capitalization of $79.54 billion, a P/E ratio of 65.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. The business has a 50-day moving average of $2,772.86 and a two-hundred day moving average of $2,375.00. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,023.98.

Chipotle Mexican Grill’s stock is set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the business earned $8.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill will post 53.38 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at $53,870,779.77. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at $53,870,779.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the transaction, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. In the last three months, insiders sold 6,793 shares of company stock worth $18,321,152. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CMG. Steph & Co. bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $32,000. Coppell Advisory Solutions LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $37,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $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.