Chipotle Mexican Grill (NYSE:CMG) Stock Rating Reaffirmed by Wedbush

Chipotle Mexican Grill (NYSE:CMGGet Free Report)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $2,400.00 price objective on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential downside of 8.41% from the stock’s previous close. Wedbush also issued estimates for Chipotle Mexican Grill’s Q1 2025 earnings at $15.40 EPS, Q2 2025 earnings at $17.74 EPS, Q3 2025 earnings at $16.93 EPS, Q4 2025 earnings at $16.66 EPS and FY2025 earnings at $66.73 EPS.

Several other research analysts have also recently issued reports on CMG. Citigroup upped their price objective on Chipotle Mexican Grill from $2,699.00 to $3,016.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays upped their price objective on Chipotle Mexican Grill from $1,885.00 to $2,246.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada boosted their target price on Chipotle Mexican Grill from $2,185.00 to $2,425.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Morgan Stanley boosted their target price on Chipotle Mexican Grill from $2,010.00 to $2,070.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the company an “overweight” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,469.88.

View Our Latest Stock Analysis on CMG

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $2,620.48 on Wednesday. The business has a 50 day simple moving average of $2,318.38 and a two-hundred day simple moving average of $2,076.50. Chipotle Mexican Grill has a 12 month low of $1,470.05 and a 12 month high of $2,725.83. The stock has a market capitalization of $71.91 billion, a P/E ratio of 59.09, a PEG ratio of 1.83 and a beta of 1.29.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings results on Monday, February 5th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 45.84% and a net margin of 12.45%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business posted $8.29 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill will post 52.94 EPS for the current fiscal year.

Insider Activity

In related news, CEO Brian R. Niccol sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total transaction of $2,506,295.00. Following the sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $51,144,367.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Brian R. Niccol sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total transaction of $2,506,295.00. Following the sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $51,144,367.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,189 shares of company stock valued at $9,700,908. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Chipotle Mexican Grill by 2.7% during the 2nd quarter. BlackRock Inc. now owns 2,052,227 shares of the restaurant operator’s stock valued at $4,389,714,000 after acquiring an additional 54,820 shares in the last quarter. State Street Corp lifted its stake in shares of Chipotle Mexican Grill by 4.1% in the 2nd quarter. State Street Corp now owns 1,085,226 shares of the restaurant operator’s stock valued at $2,321,298,000 after purchasing an additional 42,257 shares during the last quarter. Capital World Investors lifted its position in Chipotle Mexican Grill by 5.3% during the 2nd quarter. Capital World Investors now owns 1,038,882 shares of the restaurant operator’s stock worth $2,222,169,000 after acquiring an additional 52,163 shares during the last quarter. Geode Capital Management LLC lifted its position in Chipotle Mexican Grill by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator’s stock worth $963,779,000 after acquiring an additional 9,520 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in Chipotle Mexican Grill by 1.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock worth $934,147,000 after acquiring an additional 7,677 shares during the last quarter. 91.19% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

(Get Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

Featured Stories

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.