Recent Analysts’ Ratings Updates for Chipotle Mexican Grill (CMG)

A number of research firms have changed their ratings and price targets for Chipotle Mexican Grill (NYSE: CMG):

• 12/17/2024 – Chipotle Mexican Grill had its price target raised by analysts at Royal Bank of Canada from $70.00 to $75.00. They now have an “outperform” rating on the stock.
• 12/16/2024 – Chipotle Mexican Grill had its price target raised by analysts at Raymond James from $66.00 to $72.00. They now have an “outperform” rating on the stock.
• 12/16/2024 – Chipotle Mexican Grill had its price target raised by analysts at Jefferies Financial Group Inc. from $56.00 to $62.00. They now have a “hold” rating on the stock.
• 12/12/2024 – Chipotle Mexican Grill had its price target raised by analysts at Wells Fargo & Company from $67.00 to $75.00. They now have an “overweight” rating on the stock.
• 12/5/2024 – Chipotle Mexican Grill had its price target raised by analysts at Evercore ISI from $70.00 to $72.00. They now have an “outperform” rating on the stock.
• 12/4/2024 – Chipotle Mexican Grill had its price target raised by analysts at Truist Financial Co. from $72.00 to $74.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Chipotle Mexican Grill is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $70.00 price target on the stock.
• 11/12/2024 – Chipotle Mexican Grill had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $65.00 price target on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at Wells Fargo & Company from $66.00 to $67.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $69.00 price target on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at Robert W. Baird from $62.00 to $70.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at Piper Sandler from $59.00 to $60.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at BMO Capital Markets from $55.00 to $56.00. They now have a “market perform” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at Loop Capital from $53.00 to $58.00. They now have a “hold” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target lowered by analysts at Stephens from $66.00 to $65.00. They now have an “equal weight” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at Barclays PLC from $55.00 to $60.00. They now have an “equal weight” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target lowered by analysts at Citigroup Inc. from $71.00 to $70.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at TD Cowen from $65.00 to $68.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Chipotle Mexican Grill had its price target raised by analysts at Truist Financial Co. from $71.00 to $72.00. They now have a “buy” rating on the stock.

Chipotle Mexican Grill Stock Up 1.1 %

Shares of CMG stock traded up $0.66 during trading hours on Tuesday, hitting $62.24. 2,534,615 shares of the company’s stock were exchanged, compared to its average volume of 13,271,870. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.08 and a fifty-two week high of $69.26. The firm has a market cap of $84.81 billion, a P/E ratio of 57.93, a P/E/G ratio of 2.64 and a beta of 1.27. The firm has a 50 day moving average of $60.73 and a two-hundred day moving average of $81.20.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Archer Investment Corp purchased a new stake in Chipotle Mexican Grill in the second quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group increased its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $27,000. MCF Advisors LLC raised its position in shares of Chipotle Mexican Grill by 5,525.0% in the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after buying an additional 442 shares during the period. Finally, ZRC Wealth Management LLC lifted its position in Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.