Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned an average recommendation of “Hold” from the thirty-four analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $1,073.21.
CMG has been the topic of several research reports. Cfra dropped their price target on shares of Chipotle Mexican Grill from $950.00 to $900.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Wedbush lifted their price target on Chipotle Mexican Grill from $1,200.00 to $1,320.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Wells Fargo & Co lifted their price target on Chipotle Mexican Grill from $969.00 to $1,282.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on Chipotle Mexican Grill from $1,020.00 to $1,040.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. They noted that the move was a valuation call. Finally, Telsey Advisory Group lifted their price target on Chipotle Mexican Grill from $800.00 to $1,000.00 and gave the stock a “market perform” rating in a research note on Thursday, June 18th.
Shares of CMG stock traded up $6.76 during mid-day trading on Tuesday, reaching $1,155.16. 302,829 shares of the company were exchanged, compared to its average volume of 371,918. Chipotle Mexican Grill has a fifty-two week low of $415.00 and a fifty-two week high of $1,187.00. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.56 and a current ratio of 1.59. The company has a market capitalization of $32.22 billion, a P/E ratio of 128.21, a P/E/G ratio of 5.75 and a beta of 1.22. The business’s 50 day simple moving average is $1,080.66 and its 200 day simple moving average is $899.88.
In other news, Director Albert S. Baldocchi sold 517 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $1,059.13, for a total transaction of $547,570.21. Following the sale, the director now owns 72,431 shares of the company’s stock, valued at $76,713,845.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 884 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,011.38, for a total value of $894,059.92. Following the sale, the chief executive officer now directly owns 19,079 shares in the company, valued at approximately $19,296,119.02. The disclosure for this sale can be found here. Insiders sold 5,066 shares of company stock worth $5,235,881 in the last three months. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $25,000. Beese Fulmer Investment Management Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth about $42,000. Cornerstone Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 127.8% during the second quarter. Cornerstone Advisors Inc. now owns 41 shares of the restaurant operator’s stock worth $43,000 after buying an additional 23 shares in the last quarter. San Francisco Sentry Investment Group CA grew its holdings in shares of Chipotle Mexican Grill by 2,050.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 43 shares of the restaurant operator’s stock worth $45,000 after buying an additional 41 shares in the last quarter. Finally, Ninety One SA PTY Ltd bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $33,000. 95.28% of the stock is currently owned by institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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