Chipotle Mexican Grill (NYSE:CMG) Trading 3.3% Higher – Time to Buy?

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) rose 3.3% on Friday . The company traded as high as $57.67 and last traded at $57.63. Approximately 2,813,621 shares traded hands during trading, a decline of 80% from the average daily volume of 13,951,896 shares. The stock had previously closed at $55.77.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler lifted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday. KeyCorp dropped their price objective on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI boosted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Truist Financial boosted their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.47.

Chipotle Mexican Grill Price Performance

The stock has a market cap of $80.24 billion, a P/E ratio of 54.76, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a fifty day moving average price of $57.28 and a 200 day moving average price of $81.30.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,684 shares of company stock valued at $2,817,127. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Moloney Securities Asset Management LLC raised its stake in shares of Chipotle Mexican Grill by 3.0% during the 1st quarter. Moloney Securities Asset Management LLC now owns 170 shares of the restaurant operator’s stock valued at $494,000 after purchasing an additional 5 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Chipotle Mexican Grill by 7.0% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 735 shares of the restaurant operator’s stock valued at $2,136,000 after purchasing an additional 48 shares during the period. Tobam raised its stake in shares of Chipotle Mexican Grill by 16.3% during the 1st quarter. Tobam now owns 157 shares of the restaurant operator’s stock valued at $456,000 after purchasing an additional 22 shares during the period. Nordea Investment Management AB increased its stake in Chipotle Mexican Grill by 12.6% in the 1st quarter. Nordea Investment Management AB now owns 32,862 shares of the restaurant operator’s stock worth $96,257,000 after acquiring an additional 3,670 shares during the last quarter. Finally, Graypoint LLC increased its stake in Chipotle Mexican Grill by 5.3% in the 1st quarter. Graypoint LLC now owns 158 shares of the restaurant operator’s stock worth $459,000 after acquiring an additional 8 shares during the last quarter. Hedge funds and other 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.