Chipotle Mexican Grill (NYSE:CMG) Stock Rating Lowered by StockNews.com

Chipotle Mexican Grill (NYSE:CMG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

CMG has been the topic of a number of other reports. BTIG Research raised their target price on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Piper Sandler upped their price objective on Chipotle Mexican Grill from $48.84 to $61.40 and gave the company a “neutral” rating in a report on Thursday, April 25th. The Goldman Sachs Group started coverage on Chipotle Mexican Grill in a report on Thursday, June 13th. They issued a “buy” rating and a $74.60 price objective on the stock. TD Cowen decreased their price objective on Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, Argus upped their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.29.

Chipotle Mexican Grill Trading Up 1.9 %

Shares of Chipotle Mexican Grill stock opened at $62.75 on Thursday. The firm has a market capitalization of $86.18 billion, a PE ratio of 66.96, a P/E/G ratio of 2.45 and a beta of 1.24. Chipotle Mexican Grill has a twelve month low of $35.37 and a twelve month high of $69.26. The firm’s 50-day moving average price is $127.96 and its 200 day moving average price is $78.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Scott Boatwright sold 55,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the sale, the chief operating officer now owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Brian R. Niccol sold 320,300 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 1,133,450 shares of the company’s stock, valued at approximately $72,221,620.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Scott Boatwright sold 55,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders have sold 550,750 shares of company stock valued at $35,023,769 in the last quarter. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. M&R Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 490 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $32,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. 91.31% of the stock is owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

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.