Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Consensus Rating of "Moderate Buy" by Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-eight ratings firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $66.60.

CMG has been the topic of a number of recent research reports. Morgan Stanley upgraded Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $65.00 to $70.00 in a research note on Monday. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Citigroup boosted their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th.

Chipotle Mexican Grill Stock Up 0.9 %

Shares of CMG stock opened at $53.62 on Thursday. Chipotle Mexican Grill has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The firm's 50 day moving average price is $56.88 and its two-hundred day moving average price is $58.10. The stock has a market cap of $72.68 billion, a price-to-earnings ratio of 48.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently made changes to their positions in CMG. Stephens Inc. AR bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $341,000. QRG Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 190.6% in the 3rd quarter. QRG Capital Management Inc. now owns 51,393 shares of the restaurant operator's stock worth $2,961,000 after purchasing an additional 33,705 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 11.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 9,618 shares of the restaurant operator's stock worth $554,000 after purchasing an additional 1,018 shares during the last quarter. United Advisor Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 3.2% in the 3rd quarter. United Advisor Group LLC now owns 9,450 shares of the restaurant operator's stock worth $545,000 after purchasing an additional 293 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in Chipotle Mexican Grill by 3.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 8,250 shares of the restaurant operator's stock valued at $475,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

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.

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