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

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-seven analysts that are covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $65.27.

CMG has been the subject of several research reports. Stifel Nicolaus reiterated a "buy" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Wells Fargo & Company boosted their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Royal Bank of Canada started coverage on shares of Chipotle Mexican Grill in a research note on Friday, November 15th. They issued an "outperform" rating and a $70.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Oppenheimer reissued an "outperform" rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 30th.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $0.51 during mid-day trading on Tuesday, reaching $62.51. The company's stock had a trading volume of 4,141,801 shares, compared to its average volume of 13,684,238. Chipotle Mexican Grill has a 12-month low of $43.66 and a 12-month high of $69.26. The company has a market capitalization of $85.18 billion, a P/E ratio of 57.70, a PEG ratio of 2.49 and a beta of 1.26. The firm's fifty day moving average price is $58.54 and its two-hundred day moving average price is $81.16.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The firm 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 business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. On average, research analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,290 shares of company stock valued at $1,866,023. Company insiders own 1.02% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CMG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Riverview Trust Co increased its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC increased its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. Archer Investment Corp bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd 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 during the last quarter. Hedge funds and other 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.