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 Upgrades and Downgrades

Several analysts recently issued reports on the company. BTIG Research cut their price target on Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Citigroup raised their target price on Chipotle Mexican Grill from $1,742.00 to $1,969.00 and gave the company a "buy" rating in a report on Wednesday, July 27th. The Goldman Sachs Group lowered Chipotle Mexican Grill from a "conviction-buy" rating to a "buy" rating and set a $1,720.00 price target on the stock. in a research note on Monday, July 18th. Raymond James reduced their target price on Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a report on Tuesday, July 19th. Finally, UBS Group dropped their price objective on shares of Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a "buy" rating for the company in a research report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,831.75.

Chipotle Mexican Grill Stock Up 0.8 %

CMG Stock traded up $12.34 during mid-day trading on Monday, hitting $1,613.12. 2,227 shares of the company were exchanged, compared to its average volume of 293,415. The business has a fifty day simple moving average of $1,356.54 and a 200-day simple moving average of $1,430.83. Chipotle Mexican Grill has a 12-month low of $1,196.28 and a 12-month high of $1,958.55. The firm has a market capitalization of $44.79 billion, a P/E ratio of 59.93, a PEG ratio of 2.09 and a beta of 1.32.

Chipotle Mexican Grill (NYSE:CMG - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $7.46 earnings per share. Research analysts predict that Chipotle Mexican Grill will post 32.58 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Marissa Andrada sold 251 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $1,575.00, for a total transaction of $395,325.00. Following the sale, the insider now owns 4,690 shares of the company's stock, valued at $7,386,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CTO Curtis E. Garner sold 3,300 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,526.90, for a total value of $5,038,770.00. Following the sale, the chief technology officer now owns 12,321 shares of the company's stock, valued at approximately $18,812,934.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marissa Andrada sold 251 shares of the company's stock in a transaction on Monday, August 1st. The stock was sold at an average price of $1,575.00, for a total transaction of $395,325.00. Following the completion of the transaction, the insider now owns 4,690 shares of the company's stock, valued at $7,386,750. The disclosure for this sale can be found here. Insiders sold a total of 7,767 shares of company stock worth $11,690,182 over the last 90 days. 1.01% of the stock is owned by insiders.