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

CMG has been the topic of several analyst reports. Wedbush decreased their price objective on Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, June 2nd. Royal Bank of Canada boosted their price objective on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Raymond James dropped their target price on shares of Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a report on Tuesday, July 19th. Robert W. Baird reissued an "outperform" rating and issued a $1,800.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 3rd. Finally, BTIG Research decreased their target price on shares of Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,831.75.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $1,705.49 on Thursday. The business has a 50-day moving average of $1,401.22 and a 200-day moving average of $1,446.02. Chipotle Mexican Grill has a 1-year low of $1,196.28 and a 1-year high of $1,958.55. The company has a market capitalization of $47.34 billion, a price-to-earnings ratio of 63.85, a PEG ratio of 2.26 and a beta of 1.32.

Chipotle Mexican Grill (NYSE:CMG - Get Rating) last issued its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 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 period last year, the business posted $7.46 earnings per share. Research analysts expect that Chipotle Mexican Grill will post 32.5 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 1,636 shares of the firm's stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the completion of the transaction, the insider now directly owns 5,258 shares in the company, valued at $8,062,827.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Marissa Andrada sold 251 shares of Chipotle Mexican Grill stock in a transaction dated Monday, August 1st. The shares were 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 directly owns 4,690 shares of the company's stock, valued at approximately $7,386,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger E. Theodoredis sold 1,636 shares of the company's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the transaction, the insider now owns 5,258 shares in the company, valued at approximately $8,062,827.52. The disclosure for this sale can be found here. Insiders have sold 7,719 shares of company stock worth $11,629,340 over the last quarter. 1.00% of the stock is currently owned by company insiders.