Chipotle Mexican Grill, Inc. (CMG) Receives $542.81 Average Target Price from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus recommendation of “Hold” from the thirty-six research firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $547.81.

Several brokerages recently issued reports on CMG. Jefferies Financial Group lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating and increased their price target for the stock from $600.00 to $700.00 in a research note on Thursday. Piper Jaffray Companies increased their price objective on shares of Chipotle Mexican Grill from $725.00 to $755.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Stifel Nicolaus reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Monday, April 8th. Robert W. Baird reiterated an “outperform” rating and issued a $760.00 price objective (up previously from $650.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, March 27th. Finally, Wedbush upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $500.00 to $640.00 in a research note on Friday, March 22nd.

In other news, Director Pershing Square Capital Manage sold 20,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $594.65, for a total transaction of $11,893,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jack Hartung sold 4,907 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $625.21, for a total transaction of $3,067,905.47. Following the sale, the chief financial officer now owns 45,237 shares in the company, valued at approximately $28,282,624.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,788 shares of company stock worth $31,629,459. Company insiders own 2.21% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in shares of Chipotle Mexican Grill by 3,566.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 8,910 shares of the restaurant operator’s stock valued at $4,050,000 after buying an additional 8,667 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Chipotle Mexican Grill by 15.4% in the third quarter. Dimensional Fund Advisors LP now owns 95,724 shares of the restaurant operator’s stock valued at $43,517,000 after acquiring an additional 12,767 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Chipotle Mexican Grill by 165.7% in the third quarter. Franklin Resources Inc. now owns 1,326 shares of the restaurant operator’s stock valued at $603,000 after acquiring an additional 827 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Chipotle Mexican Grill by 69.0% in the third quarter. Standard Life Aberdeen plc now owns 9,803 shares of the restaurant operator’s stock valued at $4,456,000 after acquiring an additional 4,004 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $300,000. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Chipotle Mexican Grill stock traded down $0.17 during midday trading on Wednesday, reaching $712.27. 271,800 shares of the stock were exchanged, compared to its average volume of 691,978. The firm has a market capitalization of $19.76 billion, a PE ratio of 78.62, a price-to-earnings-growth ratio of 3.23 and a beta of 0.68. Chipotle Mexican Grill has a 52 week low of $318.11 and a 52 week high of $721.21.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.34. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. Chipotle Mexican Grill’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill will post 12.42 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated approximately 2,500 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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