Chipotle Mexican Grill (NYSE:CMG) Trading 1.5% Higher

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price rose 1.5% during mid-day trading on Monday . The stock traded as high as $57.51 and last traded at $56.97. Approximately 1,938,759 shares were traded during trading, a decline of 87% from the average daily volume of 14,776,313 shares. The stock had previously closed at $56.12.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMG. Loop Capital dropped their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Oppenheimer cut their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Up 2.8 %

The firm has a market cap of $79.23 billion, a PE ratio of 61.31, a PEG ratio of 2.33 and a beta of 1.25. The company has a 50-day simple moving average of $54.30 and a two-hundred day simple moving average of $81.09.

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

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock worth $1,918,589 in the last quarter. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Steph & Co. purchased a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. Semmax Financial Advisors Inc. raised its stake in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at $44,000. ICA Group Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $37,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $58,000. 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.