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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group cut 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. Oppenheimer upped their price target on shares of Chipotle Mexican Grill to $1,800.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Stifel Nicolaus increased their price objective on shares of Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the company a "buy" rating in a research note on Tuesday, August 2nd. BTIG Research dropped their price objective on shares of Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Finally, BMO Capital Markets dropped their price objective on shares of Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a "market perform" rating for the company in a research note on Wednesday, July 27th. Seven investment 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, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $1,831.75.

Chipotle Mexican Grill Price Performance

Shares of CMG traded up $1.56 during trading hours on Tuesday, hitting $1,693.59. 196 shares of the stock were exchanged, compared to its average volume of 319,242. Chipotle Mexican Grill has a fifty-two week low of $1,196.28 and a fifty-two week high of $1,958.55. The business has a 50-day moving average of $1,388.09 and a 200-day moving average of $1,442.30. The firm has a market capitalization of $47.01 billion, a P/E ratio of 63.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32.

Chipotle Mexican Grill (NYSE:CMG - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share 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 quarter in the previous year, the firm earned $7.46 earnings per share. As a group, analysts forecast that Chipotle Mexican Grill will post 32.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robin S. Hickenlooper sold 48 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the transaction, the director now directly owns 927 shares of the company's stock, valued at $1,175,028.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CTO Curtis E. Garner sold 1,000 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $1,382.47, for a total transaction of $1,382,470.00. Following the transaction, the chief technology officer now directly owns 16,387 shares of the company's stock, valued at $22,654,535.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin S. Hickenlooper sold 48 shares of the stock in a transaction 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 transaction, the director now directly owns 927 shares in the company, valued at $1,175,028.12. The disclosure for this sale can be found here. Insiders have sold a total of 7,767 shares of company stock valued at $11,690,182 over the last ninety days. 1.01% of the stock is owned by corporate insiders.