Chipotle Mexican Grill (NYSE:CMG – Get Rating) released its quarterly earnings results on Tuesday. The restaurant operator reported $9.30 earnings per share for the quarter, topping the consensus estimate of $9.04 by $0.26, Fidelity Earnings reports. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 34.77%. During the same period in the prior year, the firm earned $7.46 EPS.
Chipotle Mexican Grill Price Performance
CMG stock opened at $1,510.00 on Thursday. The company has a market capitalization of $42.22 billion, a PE ratio of 56.53, a P/E/G ratio of 1.83 and a beta of 1.27. Chipotle Mexican Grill has a 12 month low of $1,196.28 and a 12 month high of $1,958.55. The firm’s 50-day moving average is $1,320.04 and its 200 day moving average is $1,428.79.
Insider Transactions at Chipotle Mexican Grill
In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 48 shares of Chipotle Mexican Grill stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the completion of the sale, the director now directly owns 927 shares of the company’s stock, valued at approximately $1,175,028.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Chipotle Mexican Grill news, CTO Curtis E. Garner sold 1,000 shares of the company’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $1,382.47, for a total transaction of $1,382,470.00. Following the completion of the sale, the chief technology officer now owns 16,387 shares in the company, valued at $22,654,535.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 48 shares of Chipotle Mexican Grill stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total value of $60,842.88. Following the completion of the transaction, the director now owns 927 shares in the company, valued at $1,175,028.12. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Chipotle Mexican Grill
Wall Street Analysts Forecast Growth
CMG has been the topic of several analyst reports. BTIG Research lowered their target price on Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets reduced their target price on shares of Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a “market perform” rating for the company in a report on Wednesday. Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $1,850.00 to $1,550.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley raised their price target on Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the company an “overweight” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and twenty-five 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 $1,817.00.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.
- Get a free copy of the StockNews.com research report on Chipotle Mexican Grill (CMG)
- A Closer Look At Disney: Can It Earn a Place in Your Portfolio?
- Should You Buy AbbVie Ahead Of Earnings?
- Waste Management’s Earnings Beat Expectation, Stock Gains
- The MarketBeat Podcast: Portfolio Management in Market Downturns
- Can These Two Airline Stocks Overcome Gravity And Fly Higher?
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.