Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $62.36 Average PT from Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $62.36.

A number of equities research analysts have issued reports on CMG shares. Argus boosted their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stephens reissued an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. The Goldman Sachs Group reduced their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’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 sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. 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 firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock valued at $1,918,589 over the last 90 days. 1.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $25,000. Riverview Trust Co raised its stake in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in shares of Chipotle Mexican Grill by 4,900.0% during the second 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. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $57.66 on Thursday. The company has a market cap of $79.19 billion, a P/E ratio of 61.34, a P/E/G ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill has a 12 month low of $35.37 and a 12 month high of $69.26. The company has a 50-day moving average of $54.26 and a 200-day moving average of $81.12.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $12.65 earnings per share. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill will post 1.08 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.