Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $66.31 Consensus Target Price from Analysts

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been assigned a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $66.31.

A number of analysts have recently weighed in on the company. Stephens lowered their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th.

Chipotle Mexican Grill Trading Down 2.7 %

Shares of Chipotle Mexican Grill stock opened at $56.22 on Friday. Chipotle Mexican Grill has a 1-year low of $47.98 and a 1-year high of $69.26. The firm’s 50-day moving average price is $60.03 and its two-hundred day moving average price is $57.99. The stock has a market capitalization of $76.60 billion, a price-to-earnings ratio of 50.64, a P/E/G ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on 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 directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors have recently made changes to their positions in the stock. Alpha DNA Investment Management LLC lifted its position in Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares during the period. Lecap Asset Management Ltd. increased its stake in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after acquiring an additional 175 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after acquiring an additional 176 shares during the period. Connable Office Inc. grew its holdings in Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after purchasing an additional 178 shares during the period. Finally, Albion Financial Group UT increased its position in Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 180 shares during the last quarter. 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.