Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $66.81 Average Price Target from Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $66.81.

A number of analysts have recently commented on CMG shares. Robert W. Baird lifted their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Piper Sandler upped their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, TD Cowen raised their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently added to or reduced their stakes in CMG. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. ZRC Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 384 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $31,000. Transcendent Capital Group LLC grew its stake in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth $32,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $57.52 on Wednesday. The stock has a market capitalization of $78.38 billion, a PE ratio of 53.54, a P/E/G ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill has a 1 year low of $46.01 and a 1 year high of $69.26. The company’s 50 day simple moving average is $60.91 and its two-hundred day simple moving average is $57.85.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. On average, research analysts anticipate that Chipotle Mexican Grill will post 1.11 EPS for the current year.

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.