Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) has been assigned a consensus recommendation of "Moderate Buy" from the thirty research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $1,811.84.
A number of research firms recently issued reports on CMG. Royal Bank of Canada boosted their target price on shares of Chipotle Mexican Grill from $1,825.00 to $1,850.00 and gave the company an "outperform" rating in a research report on Wednesday, October 26th. Raymond James boosted their target price on shares of Chipotle Mexican Grill from $1,700.00 to $1,750.00 and gave the company an "outperform" rating in a research report on Wednesday, October 5th. Morgan Stanley downgraded shares of Chipotle Mexican Grill from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $1,847.00 to $1,664.00 in a report on Tuesday, January 17th. Wells Fargo & Company started coverage on shares of Chipotle Mexican Grill in a report on Monday. They set an "overweight" rating and a $1,800.00 price objective on the stock. Finally, Barclays lowered their price objective on shares of Chipotle Mexican Grill from $1,510.00 to $1,450.00 and set an "equal weight" rating on the stock in a report on Thursday, January 5th.
Get Chipotle Mexican Grill alerts:Insider Activity at Chipotle Mexican Grill
In related news, CMO Christopher W. Brandt sold 584 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $1,595.00, for a total transaction of $931,480.00. Following the completion of the transaction, the chief marketing officer now owns 7,782 shares in the company, valued at $12,412,290. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.01% of the stock is owned by company insiders.
Hedge Funds Weigh In On Chipotle Mexican Grill
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMG. Magellan Asset Management Ltd boosted its position in Chipotle Mexican Grill by 8,084.9% during the second quarter. Magellan Asset Management Ltd now owns 396,558 shares of the restaurant operator's stock worth $518,404,000 after purchasing an additional 391,713 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 185,417.0% in the fourth quarter. International Assets Investment Management LLC now owns 306,103 shares of the restaurant operator's stock worth $1,645,000 after buying an additional 305,938 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Chipotle Mexican Grill by 65.6% in the second quarter. Artisan Partners Limited Partnership now owns 456,355 shares of the restaurant operator's stock worth $596,575,000 after buying an additional 180,835 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Vanguard Group Inc. now owns 2,620,725 shares of the restaurant operator's stock worth $3,938,320,000 after buying an additional 114,699 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Chipotle Mexican Grill by 31.4% in the second quarter. Brown Advisory Inc. now owns 216,937 shares of the restaurant operator's stock worth $283,951,000 after buying an additional 51,867 shares in the last quarter. Institutional investors own 93.26% of the company's stock.Chipotle Mexican Grill Stock Performance
NYSE:CMG opened at $1,563.98 on Friday. Chipotle Mexican Grill has a 52 week low of $1,196.28 and a 52 week high of $1,754.56. The firm's fifty day moving average is $1,489.99 and its 200-day moving average is $1,523.52. The firm has a market cap of $43.36 billion, a P/E ratio of 54.44, a P/E/G ratio of 1.40 and a beta of 1.26.
Chipotle Mexican Grill (NYSE:CMG – Get Rating) last released its earnings results on Tuesday, October 25th. The restaurant operator reported $9.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.11 by $0.40. Chipotle Mexican Grill had a net margin of 9.61% and a return on equity of 38.03%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 33.38 earnings per share for the current year.
Chipotle Mexican Grill Company Profile
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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of September 30, 2022, it owned and operated approximately 3,100 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.
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