Chipotle Mexican Grill, Inc. has taken the world by storm with its delectable offerings of classically-cooked, real food made with wholesome ingredients that are free of artificial colors, flavors or preservatives. Founded in 1993 by Steve Ells and headquartered in Newport Beach, CA, the company has earned rave reviews from customers and investors alike.
As of May 26, 2023, thirty analysts have been eagerly covering the stock of Chipotle Mexican Grill on behalf of Bloomberg.com. These analysts have given the company a consensus rating of “Moderate Buy,” based on their deep understanding and analysis of the firm’s operations.
Of these thirty analysts, six recommend holding onto CMG shares while a vast majority of twenty-one suggest buying them. These recommendations come amidst a recent trend where institutional investors and hedge funds have been acquiring new stakes in Chipotle Mexican Grill.
For instance, Norges Bank acquired a new stake in shares of Chipotle Mexican Grill worth $450,560,000 during the fourth quarter. Meanwhile, International Assets Investment Management LLC increased its stake by an incredible 185,417% during the same quarter and now owns over three hundred thousand shares worth almost $1.65 million.
Other companies like Old North State Trust LLC and Moneta Group Investment Advisors LLC have also recently acquired positions in Chipotle Mexican Grill’s stock worth over two hundred fifty thousand dollars and two hundred forty-eight million dollars respectively. Finally Proficio Capital Partners LLC acquired a new stake in first quarter said to be valued around one sixty-six thousand dollars according to sources.
This growing involvement from institutional investors demonstrates high levels of confidence in CMG as an investment option with considerable potential for growth.
Furthermore, brokerages that have issued reports on CMG predict great things for the firm within the next twelve months. According to their research analytics models The average price target among these expert entities is predicted to stay at $2,021.37, a great value considering the quality food and incoming investments.
The continued growth of Chipotle Mexican Grill is expected to increase its sales over the year, as seen from its performance in the past. The firm continues to offer an unmistakable fusion of flavor and freshness that cannot be found anywhere else. Thus, the high rating and investments it has received come as no surprise. It only goes to show that Chipotle Mexican Grill remains a force to reckon with in the culinary industry and a great investment opportunity for those looking for promising gains in their portfolio.
Chipotle Receives Positive Feedback from Analysts Amid Insiders Selling
Chipotle Mexican Grill, Inc. has been receiving positive feedback from several equity analysts recently. StockNews.com issued a “buy” rating for the company in a research note on May 18th. Royal Bank of Canada raised their price target for Chipotle shares from $1,875 to $2,050 and gave them an “outperform” rating in a report on April 26th. Raymond James also raised their price target to $2,100 and gave the company an “outperform” rating on the same day. Argus lifted their target price to $1,900 and gave Chipotle’s stock a “buy” rating back in February, while BMO Capital Markets lifted its target price on shares to $1,950 and awarded them a “market perform” rating in their April report.
Despite this good news for investors, there has been some notable insider selling at the company. On May 1st alone, insiders Laurie Schalow and Brian R. Niccol sold over 4,600 shares of Chipotle stock with value totaling over $9 million. However, these sales represent only a small percentage (0.96%) of company stock owned by corporate insiders.
Chipotle Mexican Grill is best known for its emphasis on real food and wholesome ingredients that are free from artificial colors, flavors or preservatives – all prepared using classic cooking methods. With a market cap of $56.78 billion and strong financial results under its belt, the company remains attractive to investors even as it continues to grapple with broader industry trends and consumer preferences.
On Friday, Chipotle’s stock opened at just over $2k per share and boasted a P/E ratio of 55.66 as well as a beta of 1.34; comprising both its fifty-two week low of $1,196.28 per share and strikingly high peak at $2,139.88 during this period respectively. Its fifty-day moving average was at $1,856.97 and its 200-day moving average weighed in at $1,640.31.
Chipotle’s most recent earnings report showed strong results for the first quarter of 2023, with EPS of $10.50 beating analysts predictions of $8.89 by a healthy margin – further demonstrating the company’s appeal as an investment prospect for savvy traders in search of returns. Looking forward, sell-side analysts are predicting earnings per share to be 43.9 for Chipotle Mexican Grill this year – cementing its place among high-performing companies in the industry.
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