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.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. OTR Global upgraded Chipotle Mexican Grill from a "mixed" rating to a "positive" rating in a research report on Monday, June 27th. KeyCorp lowered their price objective on Chipotle Mexican Grill from $1,900.00 to $1,750.00 and set an "overweight" rating for the company in a research report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a "hold" rating for the company in a research report on Wednesday, July 27th. Morgan Stanley increased their price objective on Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 27th. Finally, Oppenheimer upped their price target on Chipotle Mexican Grill to $1,800.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,831.75.

Chipotle Mexican Grill Stock Performance

Shares of CMG Stock traded down $38.47 during mid-day trading on Friday, hitting $1,672.26. 247,917 shares of the stock were exchanged, compared to its average volume of 288,901. The stock's fifty day simple moving average is $1,408.04 and its two-hundred day simple moving average is $1,447.59. The stock has a market capitalization of $46.43 billion, a price-to-earnings ratio of 64.05, a P/E/G ratio of 2.25 and a beta of 1.32. Chipotle Mexican Grill has a 12-month low of $1,196.28 and a 12-month high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMG - Get Rating) last issued its quarterly earnings data 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 return on equity of 35.14% and a net margin of 9.28%. During the same quarter last year, the business earned $7.46 EPS. On average, research analysts expect that Chipotle Mexican Grill will post 32.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Christopher W. Brandt sold 1,532 shares of the firm's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the transaction, the chief marketing officer now owns 8,508 shares of the company's stock, valued at $12,795,691.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CTO Curtis E. Garner sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 9th. The stock was 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 owns 16,387 shares of the company's stock, valued at $22,654,535.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Christopher W. Brandt sold 1,532 shares of the firm's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the transaction, the chief marketing officer now directly owns 8,508 shares in the company, valued at approximately $12,795,691.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,719 shares of company stock valued at $11,629,340. 1.00% of the stock is currently owned by insiders.