Chipotle Mexican Grill (NYSE:CMG) Issues Earnings Results

Chipotle Mexican Grill (NYSE:CMGGet 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

Institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC grew its position in shares of Chipotle Mexican Grill by 1.2% in the 1st quarter. Neuberger Berman Group LLC now owns 25,101 shares of the restaurant operator’s stock worth $39,711,000 after buying an additional 304 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 20.0% during the 1st quarter. EP Wealth Advisors LLC now owns 258 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 43 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Chipotle Mexican Grill by 54.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 30,621 shares of the restaurant operator’s stock worth $48,359,000 after purchasing an additional 10,766 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Chipotle Mexican Grill by 9.9% during the 1st quarter. Wealthfront Advisers LLC now owns 1,933 shares of the restaurant operator’s stock worth $3,059,000 after buying an additional 174 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC raised its stake in Chipotle Mexican Grill by 356.5% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 9,587 shares of the restaurant operator’s stock valued at $15,167,000 after buying an additional 7,487 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.

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

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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.

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Earnings History for Chipotle Mexican Grill (NYSE:CMG)

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