Chipotle Mexican Grill (NYSE:CMG) Shares Down 1.4% – Should You Sell?

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded down 1.4% during trading on Tuesday . The company traded as low as $57.67 and last traded at $57.96. 1,079,467 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 13,758,901 shares. The stock had previously closed at $58.81.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. The Goldman Sachs Group reduced their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Oppenheimer restated an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Trading Up 0.3 %

The stock has a market cap of $80.23 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The business has a 50-day moving average price of $58.26 and a 200-day moving average price of $81.10.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by insiders.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Center for Financial Services increased its position in shares of Chipotle Mexican Grill by 8.0% during the 1st 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. SVB Wealth LLC boosted its holdings in Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 5 shares during the period. Freestone Capital Holdings LLC boosted its holdings in Chipotle Mexican Grill by 5.4% during the 1st quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock valued at $396,000 after acquiring an additional 7 shares during the period. Semmax Financial Advisors Inc. boosted its holdings 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 acquiring an additional 9 shares during the period. Finally, Pitcairn Co. boosted its holdings in Chipotle Mexican Grill by 8.4% during the 1st quarter. Pitcairn Co. now owns 168 shares of the restaurant operator’s stock valued at $488,000 after acquiring an additional 13 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Company Profile

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.