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 Analyst Weigh In

A number of research firms have recently commented on CMG. BMO Capital Markets cut their price target on Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a "market perform" rating for the company in a report on Wednesday, July 27th. BTIG Research cut their target price on 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. Royal Bank of Canada upped their price target on Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an "outperform" rating for the company in a research report on Thursday, June 2nd. Finally, Cowen decreased their target price on shares of Chipotle Mexican Grill from $1,950.00 to $1,830.00 in a report on Wednesday, April 27th. Seven investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,831.75.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded up $32.61 during trading on Friday, hitting $1,663.70. 202,966 shares of the company's stock traded hands, compared to its average volume of 319,480. The firm has a market cap of $46.18 billion, a P/E ratio of 62.29, a PEG ratio of 2.15 and a beta of 1.32. The stock has a fifty day moving average of $1,381.79 and a two-hundred day moving average of $1,439.09. 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 earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, beating 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 in the previous year, the firm posted $7.46 earnings per share. As a group, analysts expect 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 company's 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 completion of the sale, the director now directly owns 927 shares in the company, valued at approximately $1,175,028.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 48 shares of the business's stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total value of $60,842.88. Following the transaction, the director now owns 927 shares in the company, valued at $1,175,028.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Curtis E. Garner sold 1,000 shares of the company's stock in a transaction dated 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 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 three months. 1.00% of the stock is owned by company insiders.