Fintel reports that on June 13, 2024, Goldman Sachs initiated coverage of Chipotle Mexican Grill (NYSE:CMG) with a Buy recommendation.
Analyst Price Forecast Suggests 1.35% Upside
As of June 12, 2024, the average one-year price target for Chipotle Mexican Grill is 3,309.67. The forecasts range from a low of 2,222.00 to a high of $3,780.00. The average price target represents an increase of 1.35% from its latest reported closing price of 3,265.59.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Chipotle Mexican Grill is 11,364MM, an increase of 11.36%. The projected annual non-GAAP EPS is 53.06.
What is the Fund Sentiment?
There are 2,259 funds or institutions reporting positions in Chipotle Mexican Grill. This is an increase of 120 owner(s) or 5.61% in the last quarter. Average portfolio weight of all funds dedicated to CMG is 0.42%, an increase of 2.39%. Total shares owned by institutions decreased in the last three months by 3.06% to 29,655K shares. 
The put/call ratio of CMG is 1.27, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 1,154K shares representing 4.20% ownership of the company. In its prior filing, the firm reported owning 1,205K shares , representing a decrease of 4.38%. The firm decreased its portfolio allocation in CMG by 88.06% over the last quarter.
Price T Rowe Associates holds 1,086K shares representing 3.95% ownership of the company. In its prior filing, the firm reported owning 1,121K shares , representing a decrease of 3.27%. The firm increased its portfolio allocation in CMG by 12.28% over the last quarter.
Capital World Investors holds 874K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 1,126K shares , representing a decrease of 28.76%. The firm decreased its portfolio allocation in CMG by 8.15% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 862K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 862K shares , representing an increase of 0.01%. The firm increased its portfolio allocation in CMG by 15.88% over the last quarter.
Capital International Investors holds 814K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 926K shares , representing a decrease of 13.76%. The firm increased its portfolio allocation in CMG by 0.92% over the last quarter.
Chipotle Mexican Grill Background Information
(This description is provided by the company.)
Chipotle Mexican Grill, Inc. is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle had over 2,700 restaurants as of September 30, 2020, in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants. With more than 94,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Steve Ells, founder and former executive chairman, first opened Chipotle with a single restaurant in Denver, Coloradoin 1993.
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