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 research reports. BMO Capital Markets decreased their price target on shares of Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 27th. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $2,000.00 to $1,760.00 and set a "buy" rating on the stock in a research note on Wednesday, July 27th. Morgan Stanley lifted their price target on shares of Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 27th. OTR Global raised shares of Chipotle Mexican Grill from a "mixed" rating to a "positive" rating in a research note on Monday, June 27th. Finally, Barclays lifted their target price on shares of Chipotle Mexican Grill from $1,335.00 to $1,400.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,831.75.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $1,631.09 on Friday. The stock has a market cap of $45.29 billion, a price-to-earnings ratio of 61.07, a PEG ratio of 2.16 and a beta of 1.32. The firm's 50-day moving average is $1,371.33 and its 200 day moving average is $1,435.55. Chipotle Mexican Grill has a 1 year low of $1,196.28 and a 1 year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMG - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business posted $7.46 EPS. On average, equities analysts expect that Chipotle Mexican Grill will post 32.55 EPS 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 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 approximately $1,175,028.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 stock was sold at an average price of $1,267.56, for a total value of $60,842.88. Following the completion of the transaction, the director now owns 927 shares of the company's stock, valued at approximately $1,175,028.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marissa Andrada sold 251 shares of the business's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $1,575.00, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 7,767 shares of company stock worth $11,690,182 in the last quarter. Corporate insiders own 1.00% of the company's stock.