Chipotle Mexican Grill (NYSE:CMG) Rating Reiterated by Stephens

Stephens reissued their equal weight rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report released on Tuesday, Benzinga reports. The brokerage currently has a $61.00 price objective on the restaurant operator’s stock.

Several other equities analysts have also recently weighed in on CMG. Barclays cut their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an equal weight rating for the company in a research report on Thursday, July 25th. Loop Capital reduced their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a hold rating for the company in a research report on Thursday, July 25th. UBS Group boosted their target price on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, April 25th. The Goldman Sachs Group reduced their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a buy rating for the company in a report on Thursday, July 25th. Finally, Truist Financial restated a buy rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $62.36.

Chipotle Mexican Grill Stock Down 2.8 %

Shares of Chipotle Mexican Grill stock opened at $52.46 on Tuesday. Chipotle Mexican Grill has a 12-month low of $35.37 and a 12-month high of $69.26. The stock has a 50 day moving average price of $122.52 and a two-hundred day moving average price of $80.27. The stock has a market capitalization of $72.05 billion, a P/E ratio of 55.81, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $12.65 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Byrne Asset Management LLC increased its position in Chipotle Mexican Grill by 11.8% in the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 4 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after buying an additional 4 shares in the last quarter. Peloton Wealth Strategists boosted its position in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after buying an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Chipotle Mexican Grill by 19.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 4 shares during the period. Finally, Diversified Trust Co raised its position in shares of Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after acquiring an additional 4 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.