Chipotle Mexican Grill (NYSE:CMG) Trading Up 1.8% – What’s Next?

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares traded up 1.8% during mid-day trading on Thursday . The stock traded as high as $59.12 and last traded at $58.73. 2,096,522 shares were traded during mid-day trading, a decline of 85% from the average session volume of 13,929,507 shares. The stock had previously closed at $57.69.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMG. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Wedbush reiterated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Piper Sandler raised their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Evercore ISI raised their price target on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Stock Up 1.0 %

The company has a market capitalization of $79.79 billion, a PE ratio of 54.37, a PEG ratio of 2.27 and a beta of 1.26. The company’s 50 day moving average is $57.35 and its two-hundred day moving average is $81.28.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently made changes to their positions in the company. First National Bank of Hutchinson boosted its position in shares of Chipotle Mexican Grill by 1.1% during the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after buying an additional 4 shares during the period. Pacific Center for Financial Services lifted its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares during the last quarter. PFG Advisors boosted its stake in shares of Chipotle Mexican Grill by 3.8% during the first quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock valued at $396,000 after purchasing an additional 5 shares during the period. Abbrea Capital LLC grew its holdings in shares of Chipotle Mexican Grill by 4.3% in the first quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock worth $355,000 after purchasing an additional 5 shares during the last quarter. Finally, Verus Capital Partners LLC lifted its holdings in Chipotle Mexican Grill by 1.2% during the 1st quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock valued at $1,200,000 after buying an additional 5 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.