Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) shares traded down 3.6% on Wednesday after Stephens lowered their price target on the stock from $1,900.00 to $1,760.00. Stephens currently has an overweight rating on the stock. Chipotle Mexican Grill traded as low as $1,506.78 and last traded at $1,526.90. 21,852 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 296,416 shares. The stock had previously closed at $1,584.02.
A number of other equities research analysts have also recently weighed in on the company. UBS Group lowered their price target on Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Cowen increased their target price on Chipotle Mexican Grill from $1,850.00 to $1,950.00 and gave the company an “outperform” rating in a report on Wednesday, September 21st. Oppenheimer reiterated an “outperform” rating and set a $1,800.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, October 18th. Stifel Nicolaus increased their target price on Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Finally, BTIG Research lowered their target price on Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,823.16.
Insider Buying and Selling at Chipotle Mexican Grill
In other news, insider Roger E. Theodoredis sold 1,636 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the completion of the sale, the insider now directly owns 5,258 shares in the company, valued at $8,062,827.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Christopher W. Brandt sold 1,532 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the completion of the sale, the chief marketing officer now directly owns 8,508 shares in the company, valued at $12,795,691.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roger E. Theodoredis sold 1,636 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the sale, the insider now owns 5,258 shares of the company’s stock, valued at $8,062,827.52. The disclosure for this sale can be found here. Insiders have sold 9,825 shares of company stock valued at $15,603,167 over the last three months. 1.01% of the stock is owned by company insiders.
Hedge Funds Weigh In On Chipotle Mexican Grill
A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Chipotle Mexican Grill by 8.2% in the first quarter. BlackRock Inc. now owns 2,130,266 shares of the restaurant operator’s stock worth $3,370,144,000 after purchasing an additional 161,088 shares in the last quarter. Capital World Investors lifted its holdings in Chipotle Mexican Grill by 6.7% in the first quarter. Capital World Investors now owns 897,156 shares of the restaurant operator’s stock worth $1,419,328,000 after acquiring an additional 56,023 shares during the last quarter. Capital International Investors lifted its holdings in Chipotle Mexican Grill by 17.7% in the first quarter. Capital International Investors now owns 884,040 shares of the restaurant operator’s stock worth $1,398,438,000 after acquiring an additional 133,080 shares during the last quarter. Jennison Associates LLC lifted its holdings in Chipotle Mexican Grill by 0.9% in the first quarter. Jennison Associates LLC now owns 611,322 shares of the restaurant operator’s stock worth $967,130,000 after acquiring an additional 5,307 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in 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 acquiring an additional 180,835 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill Price Performance
The stock’s fifty day simple moving average is $1,602.77 and its 200-day simple moving average is $1,473.42. The stock has a market cap of $42.39 billion, a P/E ratio of 59.30, a PEG ratio of 2.04 and a beta of 1.27.
Chipotle Mexican Grill (NYSE:CMG – Get Rating) last issued its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.03 by $0.27. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company posted $7.46 earnings per share. Analysts forecast that Chipotle Mexican Grill, Inc. will post 32.56 EPS for the current year.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 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.