Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-nine research firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $61.04.

A number of brokerages have recently weighed in on CMG. TD Securities reiterated a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Citigroup reduced their price objective 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. UBS Group reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, Truist Financial boosted their price objective on Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.55 during trading on Wednesday, reaching $56.00. The stock had a trading volume of 8,636,587 shares, compared to its average volume of 12,789,789. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $66.74. The stock has a market cap of $75.45 billion, a PE ratio of 49.56, a P/E/G ratio of 2.75 and a beta of 1.08. The firm's 50 day moving average price is $52.26 and its two-hundred day moving average price is $53.24.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $13.37 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on 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 sale, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.02% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $25,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. HighMark Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares during the period. Finally, North Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $30,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.