Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned an average rating of “Hold” from the thirty-seven ratings firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $703.97.

A number of equities analysts have weighed in on CMG shares. Credit Suisse Group upped their price target on Chipotle Mexican Grill from $870.00 to $880.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. BTIG Research upped their price target on Chipotle Mexican Grill from $790.00 to $845.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Telsey Advisory Group restated a “market perform” rating and issued a $750.00 price target (up previously from $700.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 24th. Citigroup upped their price target on Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, SunTrust Banks upped their price target on Chipotle Mexican Grill to $815.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th.

In related news, Director Albert S. Baldocchi sold 1,164 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $775.00, for a total transaction of $902,100.00. Following the completion of the transaction, the director now owns 72,756 shares of the company’s stock, valued at $56,385,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jack Hartung sold 1,646 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $810.00, for a total value of $1,333,260.00. Following the transaction, the chief financial officer now directly owns 40,237 shares of the company’s stock, valued at approximately $32,591,970. The disclosure for this sale can be found here. In the last three months, insiders sold 157,802 shares of company stock valued at $119,632,226. Company insiders own 2.21% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in Chipotle Mexican Grill by 19.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,008 shares of the restaurant operator’s stock valued at $3,654,000 after buying an additional 821 shares in the last quarter. Eaton Vance Management boosted its position in shares of Chipotle Mexican Grill by 2.7% in the 2nd quarter. Eaton Vance Management now owns 126,454 shares of the restaurant operator’s stock valued at $92,676,000 after purchasing an additional 3,334 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Chipotle Mexican Grill by 7.9% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 47,452 shares of the restaurant operator’s stock valued at $34,777,000 after purchasing an additional 3,481 shares during the period. Zacks Investment Management acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $945,000. Finally, Nuveen Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 71,232.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 470,797 shares of the restaurant operator’s stock valued at $345,037,000 after purchasing an additional 470,137 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

NYSE CMG traded up $7.31 on Tuesday, reaching $817.20. The company had a trading volume of 329,800 shares, compared to its average volume of 575,359. The firm has a market capitalization of $22.45 billion, a PE ratio of 90.20, a P/E/G ratio of 3.27 and a beta of 0.72. Chipotle Mexican Grill has a 1 year low of $383.20 and a 1 year high of $822.88. The firm has a 50-day moving average of $768.59 and a 200-day moving average of $693.60. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.52 and a quick ratio of 1.48.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.68 by $0.31. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. Chipotle Mexican Grill’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.87 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 13.26 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

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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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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