Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Rating of "Moderate Buy" by Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $61.37.

CMG has been the subject of several research reports. Citigroup dropped their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, KeyCorp dropped their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $50.24 on Friday. The business has a 50-day simple moving average of $50.38 and a two-hundred day simple moving average of $54.33. The company has a market cap of $67.70 billion, a PE ratio of 45.26, a P/E/G ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $13.37 earnings per share. On average, sell-side analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth about $25,000. Saudi Central Bank bought a new position in Chipotle Mexican Grill during the 1st quarter valued at $27,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill during the 1st quarter valued at $27,000. HighMark Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 371 shares during the last quarter. Finally, North Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

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.

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