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

Chipotle Mexican Grill (NYSE: CMG) recently received a number of ratings updates from brokerages and research firms:

• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at KeyCorp from $3,250.00 to $3,400.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Wells Fargo & Company from $3,285.00 to $3,300.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $3,340.00 price target on the stock, up previously from $3,300.00.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Evercore ISI from $3,200.00 to $3,600.00. They now have an “outperform” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $3,300.00 price target on the stock, up previously from $2,825.00.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Robert W. Baird from $3,250.00 to $3,500.00. They now have an “outperform” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at JPMorgan Chase & Co. from $2,500.00 to $2,750.00. They now have a “neutral” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Piper Sandler from $2,442.00 to $3,070.00. They now have a “neutral” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Wedbush from $2,850.00 to $3,200.00. They now have a “neutral” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at BMO Capital Markets from $2,400.00 to $2,850.00. They now have a “market perform” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Barclays PLC from $2,400.00 to $2,865.00. They now have an “equal weight” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Morgan Stanley from $2,986.00 to $3,100.00. They now have an “equal weight” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Stephens from $3,010.00 to $3,050.00. They now have an “equal weight” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Citigroup Inc. from $3,358.00 to $3,369.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Truist Financial Co. from $3,250.00 to $3,440.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at BTIG Research from $3,250.00 to $3,350.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $3,400.00 to $3,600.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at UBS Group AG from $3,400.00 to $3,500.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Chipotle Mexican Grill had its price target raised by analysts at TD Cowen from $3,400.00 to $3,500.00. They now have a “buy” rating on the stock.
• 4/18/2024 – Chipotle Mexican Grill had its price target raised by analysts at Evercore ISI from $2,900.00 to $3,200.00. They now have an “outperform” rating on the stock.
• 4/16/2024 – Chipotle Mexican Grill had its price target raised by analysts at Jefferies Financial Group Inc. from $2,350.00 to $2,700.00. They now have a “hold” rating on the stock.
• 4/12/2024 – Chipotle Mexican Grill had its price target raised by analysts at Morgan Stanley from $2,500.00 to $2,986.00. They now have an “equal weight” rating on the stock.
• 4/12/2024 – Chipotle Mexican Grill is now covered by analysts at Stephens. They set an “equal weight” rating and a $3,010.00 price target on the stock.
• 4/11/2024 – Chipotle Mexican Grill had its price target raised by analysts at UBS Group AG from $2,900.00 to $3,400.00. They now have a “buy” rating on the stock.
• 4/11/2024 – Chipotle Mexican Grill had its price target raised by analysts at Stifel Nicolaus from $2,700.00 to $3,270.00. They now have a “buy” rating on the stock.
• 4/10/2024 – Chipotle Mexican Grill had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $2,900.00 price target on the stock.
• 4/9/2024 – Chipotle Mexican Grill had its price target raised by analysts at KeyCorp from $2,750.00 to $3,250.00. They now have an “overweight” rating on the stock.
• 4/8/2024 – Chipotle Mexican Grill had its price target raised by analysts at Citigroup Inc. from $3,016.00 to $3,358.00. They now have a “buy” rating on the stock.
• 4/4/2024 – Chipotle Mexican Grill had its price target raised by analysts at Argus from $3,265.00 to $3,366.00. They now have a “buy” rating on the stock.
• 3/28/2024 – Chipotle Mexican Grill had its price target raised by analysts at BTIG Research from $2,750.00 to $3,250.00. They now have a “buy” rating on the stock.
• 3/26/2024 – Chipotle Mexican Grill had its price target raised by analysts at Sanford C. Bernstein from $2,800.00 to $3,200.00. They now have an “outperform” rating on the stock.
• 3/22/2024 – Chipotle Mexican Grill had its price target raised by analysts at Wedbush from $2,400.00 to $2,850.00. They now have a “neutral” rating on the stock.
• 3/20/2024 – Chipotle Mexican Grill had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $3,100.00 to $3,300.00. They now have a “buy” rating on the stock.

Chipotle Mexican Grill Trading Down 0.7 %

Shares of Chipotle Mexican Grill stock opened at $3,138.66 on Thursday. The stock has a 50 day moving average of $2,857.95 and a 200 day moving average of $2,458.91. Chipotle Mexican Grill, Inc. has a 12 month low of $1,768.64 and a 12 month high of $3,241.42. The firm has a market cap of $86.21 billion, a PE ratio of 66.98, a PEG ratio of 2.57 and a beta of 1.28.

Chipotle Mexican Grill’s stock is scheduled to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.63 by $1.74. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 6,406 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the transaction, the chief executive officer now directly owns 22,669 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Albert S. Baldocchi sold 750 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, the director now directly owns 37,271 shares in the company, valued at approximately $97,221,776.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total value of $20,409,003.52. Following the transaction, the chief executive officer now owns 22,669 shares in the company, valued at $72,221,620.48. The disclosure for this sale can be found here. Insiders sold 15,812 shares of company stock valued at $48,554,701 in the last ninety days. Insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMG. Cambridge Investment Research Advisors Inc. lifted its position in Chipotle Mexican Grill by 9.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,515 shares of the restaurant operator’s stock worth $6,439,000 after acquiring an additional 302 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Chipotle Mexican Grill by 0.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,029 shares of the restaurant operator’s stock valued at $7,380,000 after buying an additional 17 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $260,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Chipotle Mexican Grill by 3.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 13,600 shares of the restaurant operator’s stock valued at $24,913,000 after purchasing an additional 500 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Chipotle Mexican Grill by 7.4% in the 3rd quarter. Brown Advisory Inc. now owns 231,037 shares of the restaurant operator’s stock valued at $423,221,000 after purchasing an additional 15,862 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.