Chipotle Mexican Grill - CMG Stock Forecast, Price & News

Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Chipotle Mexican Grill from $1,710.00 to $1,530.00 and set a "hold" rating for the company in a report on Wednesday, April 27th. Royal Bank of Canada boosted their price target on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Bank of America assumed coverage on shares of Chipotle Mexican Grill in a report on Wednesday, May 11th. They set a "buy" rating for the company. Morgan Stanley boosted their price target on shares of Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the company an "overweight" rating in a report on Wednesday, July 27th. Finally, TheStreet raised shares of Chipotle Mexican Grill from a "c+" rating to a "b" rating in a report on Monday, April 18th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,831.75.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $1,663.70 on Friday. The firm has a market cap of $46.19 billion, a price-to-earnings ratio of 62.29, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32. Chipotle Mexican Grill has a 1 year low of $1,196.28 and a 1 year high of $1,958.55. The firm's 50 day moving average price is $1,376.02 and its two-hundred day moving average price is $1,437.04.

Chipotle Mexican Grill (NYSE:CMG - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period last year, the business earned $7.46 EPS. As a group, equities analysts predict that Chipotle Mexican Grill will post 32.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Marissa Andrada sold 251 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $1,575.00, for a total value of $395,325.00. Following the completion of the transaction, the insider now owns 4,690 shares of the company's stock, valued at approximately $7,386,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Marissa Andrada sold 251 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $1,575.00, for a total value of $395,325.00. Following the completion of the transaction, the insider now owns 4,690 shares of the company's stock, valued at approximately $7,386,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin S. Hickenlooper sold 48 shares of the firm's stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the completion of the transaction, the director now directly owns 927 shares of the company's stock, valued at approximately $1,175,028.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,767 shares of company stock worth $11,690,182. 1.00% of the stock is owned by insiders.