Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at SunTrust Banks issued their FY2021 earnings estimates for shares of Chipotle Mexican Grill in a research note issued on Wednesday, January 8th. SunTrust Banks analyst J. Bartlett forecasts that the restaurant operator will earn $24.82 per share for the year. SunTrust Banks currently has a “Buy” rating and a $920.00 target price on the stock.
Several other analysts also recently issued reports on the company. Barclays boosted their price objective on Chipotle Mexican Grill from $710.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada began coverage on Chipotle Mexican Grill in a report on Monday, December 9th. They set a “sector perform” rating and a $890.00 price objective on the stock. Bank of America upgraded Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $590.00 to $850.00 in a report on Friday, October 18th. Jefferies Financial Group boosted their price objective on Chipotle Mexican Grill from $820.00 to $850.00 in a report on Wednesday, October 23rd. Finally, Wells Fargo & Co boosted their price objective on Chipotle Mexican Grill from $796.00 to $803.00 and gave the stock a “market perform” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $819.87.
NYSE CMG opened at $862.67 on Friday. The stock’s 50-day moving average price is $825.45 and its two-hundred day moving average price is $799.23. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 1.63. The company has a market cap of $23.81 billion, a PE ratio of 95.22, a PEG ratio of 2.44 and a beta of 0.71. Chipotle Mexican Grill has a 1 year low of $495.67 and a 1 year high of $877.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.69. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.16 EPS.
In related news, CEO Brian R. Niccol sold 716 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $778.26, for a total value of $557,234.16. Following the completion of the sale, the chief executive officer now owns 26,634 shares of the company’s stock, valued at approximately $20,728,176.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 749 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $813.11, for a total value of $609,019.39. Following the completion of the sale, the chief executive officer now directly owns 26,634 shares of the company’s stock, valued at approximately $21,656,371.74. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Bank of Australia lifted its holdings in Chipotle Mexican Grill by 77.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 17 shares during the last quarter. OLD National Bancorp IN lifted its holdings in Chipotle Mexican Grill by 3.6% in the 3rd quarter. OLD National Bancorp IN now owns 518 shares of the restaurant operator’s stock worth $435,000 after purchasing an additional 18 shares during the last quarter. Tradition Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 6.3% in the 3rd quarter. Tradition Asset Management LLC now owns 335 shares of the restaurant operator’s stock worth $281,000 after purchasing an additional 20 shares during the last quarter. United Capital Financial Advisers LLC lifted its holdings in Chipotle Mexican Grill by 3.3% in the 2nd quarter. United Capital Financial Advisers LLC now owns 655 shares of the restaurant operator’s stock worth $480,000 after purchasing an additional 21 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Chipotle Mexican Grill by 27.9% in the 3rd quarter. Huntington National Bank now owns 110 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 24 shares during the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.
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.