Analysts Set Chipotle Mexican Grill, Inc. (NYSE:CMG) Price Target at $66.81

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-seven research firms that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $66.81.

CMG has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, December 16th. Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Barclays increased their price target on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 7th. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company raised their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th.

Chipotle Mexican Grill Stock Up 1.6 %

Shares of Chipotle Mexican Grill stock traded up $0.92 during trading on Wednesday, hitting $57.36. 10,490,168 shares of the stock traded hands, compared to its average volume of 8,357,390. The stock has a market cap of $78.16 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill has a 52 week low of $45.50 and a 52 week high of $69.26. The firm's fifty day moving average is $60.94 and its 200-day moving average is $57.91.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. On average, analysts forecast that Chipotle Mexican Grill will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company's stock.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently bought and sold shares of CMG. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator's stock valued at $25,000 after buying an additional 392 shares during the last quarter. ZRC Wealth Management LLC boosted its stake in Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 384 shares during the last quarter. Transcendent Capital Group LLC boosted its stake in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth $32,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.