Chipotle Mexican Grill (NYSE:CMG) Stock Price Down 0.1%

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report)’s stock price fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $2,886.01 and last traded at $2,900.09. 35,324 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 230,100 shares. The stock had previously closed at $2,901.94.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMG. Raymond James increased their price target on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Stifel Nicolaus increased their price target on Chipotle Mexican Grill from $2,450.00 to $2,560.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Truist Financial increased their price target on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Citigroup increased their price target on Chipotle Mexican Grill from $2,699.00 to $3,016.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,566.37.

Check Out Our Latest Stock Analysis on CMG

Chipotle Mexican Grill Stock Down 0.2 %

The company has a market capitalization of $79.40 billion, a PE ratio of 65.39, a PEG ratio of 2.47 and a beta of 1.28. The company has a 50-day moving average price of $2,663.54 and a two-hundred day moving average price of $2,296.60.

Chipotle Mexican Grill’s stock is scheduled to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the company earned $8.29 earnings per share. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 53.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 750 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the completion of the sale, the director now owns 37,271 shares of the company’s stock, valued at $97,221,776.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the completion of the sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Albert S. Baldocchi sold 750 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, the director now owns 37,271 shares in the company, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Insiders sold a total of 6,793 shares of company stock valued at $18,321,152 over the last 90 days. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMG. Fortitude Family Office LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $32,000. Coppell Advisory Solutions LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $32,000. IMA Wealth Inc. grew its holdings in shares of Chipotle Mexican Grill by 185.7% during the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 13 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

(Get Free Report)

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.

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