Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Sells $898,537.50 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Chipotle Mexican Grill Trading Up 0.7 %

NYSE CMG opened at $58.33 on Friday. The business’s 50-day moving average price is $55.38 and its 200 day moving average price is $81.24. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company has a market capitalization of $80.11 billion, a PE ratio of 62.05, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $12.65 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $29,000. Semmax Financial Advisors Inc. grew its stake in Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $44,000. Westside Investment Management Inc. acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $58,000. Finally, Salem Investment Counselors Inc. grew its stake in Chipotle Mexican Grill by 27.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 5 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMG shares. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Stephens restated an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Piper Sandler decreased their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Argus boosted their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, StockNews.com cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $62.44.

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.