Chipotle Mexican Grill’s (CMG) Neutral Rating Reaffirmed at Wedbush

Wedbush reissued their neutral rating on shares of Chipotle Mexican Grill (NYSE:CMGFree Report) in a research report released on Wednesday, Benzinga reports. They currently have a $2,400.00 price objective on the restaurant operator’s stock.

Several other brokerages have also recently weighed in on CMG. Raymond James upped their price target on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the stock an outperform rating in a research report on Friday, January 5th. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the stock a neutral rating in a research report on Tuesday, January 16th. Morgan Stanley upped their price objective on shares of Chipotle Mexican Grill from $2,010.00 to $2,070.00 and gave the stock an equal weight rating in a research report on Friday, October 27th. Finally, Citigroup upped their price objective on shares of Chipotle Mexican Grill from $2,699.00 to $3,016.00 and gave the stock a buy rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $2,438.41.

Check Out Our Latest Report on CMG

Chipotle Mexican Grill Stock Up 7.0 %

Shares of CMG opened at $2,663.02 on Wednesday. The business’s 50-day moving average price is $2,310.02 and its 200-day moving average price is $2,072.70. Chipotle Mexican Grill has a twelve month low of $1,470.05 and a twelve month high of $2,725.83. The stock has a market cap of $73.07 billion, a PE ratio of 63.16, a P/E/G ratio of 1.82 and a beta of 1.29.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 45.26% and a net margin of 12.27%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the business posted $8.29 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post 44.16 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Brian R. Niccol sold 1,093 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $2,199.81, for a total transaction of $2,404,392.33. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at $51,358,964.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total value of $2,506,295.00. Following the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at $51,144,367.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 1,093 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $2,199.81, for a total value of $2,404,392.33. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at $51,358,964.07. The disclosure for this sale can be found here. Insiders sold 4,189 shares of company stock worth $9,700,908 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $32,000. Coppell Advisory Solutions LLC purchased a new position in Chipotle Mexican Grill in the second quarter worth about $32,000. IMA Wealth Inc. boosted its position in Chipotle Mexican Grill by 185.7% in the first quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 13 shares during the last quarter. Horizon Bancorp Inc. IN boosted its position in Chipotle Mexican Grill by 240.0% in the second quarter. Horizon Bancorp Inc. IN now owns 17 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 12 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $37,000. 91.19% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

(Get Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

Recommended Stories

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.