Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $2,720.59 Consensus PT from Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given an average rating of “Moderate Buy” by the twenty-eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $2,759.14.

A number of research analysts have recently weighed in on CMG shares. Evercore ISI increased their price target on Chipotle Mexican Grill from $2,900.00 to $3,200.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley increased their target price on Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Sanford C. Bernstein increased their target price on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Stephens initiated coverage on Chipotle Mexican Grill in a report on Friday, April 12th. They set an “equal weight” rating and a $3,010.00 target price for the company. Finally, BTIG Research increased their target price on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock a “buy” rating in a report on Thursday, March 28th.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $2,870.07 on Monday. The company has a market capitalization of $78.70 billion, a P/E ratio of 64.71, a PEG ratio of 2.46 and a beta of 1.28. Chipotle Mexican Grill has a one year low of $1,768.64 and a one year high of $3,023.98. The business’s 50 day simple moving average is $2,783.24 and its 200-day simple moving average is $2,385.67.

Chipotle Mexican Grill’s stock is going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, beating analysts’ consensus estimates of $9.73 by $0.63. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.29 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill will post 53.36 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now directly owns 22,447 shares in the company, valued at $53,870,779.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Roger E. Theodoredis sold 898 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,996 shares of the firm’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 transaction of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at $53,870,779.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,793 shares of company stock worth $18,321,152. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Everett Harris & Co. CA bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $311,000. Teamwork Financial Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $8,802,000. New Century Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $241,000. Oak Harvest Investment Services grew its stake in shares of Chipotle Mexican Grill by 3.7% during the first quarter. Oak Harvest Investment Services now owns 253 shares of the restaurant operator’s stock worth $735,000 after buying an additional 9 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in shares of Chipotle Mexican Grill by 14.8% during the first quarter. First Trust Direct Indexing L.P. now owns 458 shares of the restaurant operator’s stock worth $1,331,000 after buying an additional 59 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

About Chipotle Mexican Grill

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.