Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-seven research firms that are currently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $66.55.
Several analysts have commented on CMG shares. Wells Fargo & Company raised their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Stephens reissued an "equal weight" rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Royal Bank of Canada upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday. Raymond James lifted their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Finally, BMO Capital Markets upped their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th.
Check Out Our Latest Analysis on CMG
Insider Buying and Selling
In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company's stock.
Hedge Funds Weigh In On Chipotle Mexican Grill
A number of hedge funds and other institutional investors have recently bought and sold shares of CMG. RiverPark Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 392 shares during the period. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Oliver Lagore Vanvalin Investment Group raised its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 392 shares in the last quarter. Chilton Capital Management LLC purchased a new position in Chipotle Mexican Grill in the second quarter valued at $27,000. Finally, MCF Advisors LLC grew its stake in Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 442 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Stock Performance
Shares of CMG traded up $0.13 during trading hours on Friday, hitting $61.87. The stock had a trading volume of 12,593,531 shares, compared to its average volume of 13,334,521. The firm has a 50-day moving average price of $60.69 and a 200 day moving average price of $80.95. Chipotle Mexican Grill has a fifty-two week low of $44.08 and a fifty-two week high of $69.26. The firm has a market capitalization of $84.30 billion, a price-to-earnings ratio of 57.59, a PEG ratio of 2.64 and a beta of 1.27.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The company's revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.
About Chipotle Mexican Grill
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Get Free ReportChipotle 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.
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