Chipotle Mexican Grill (NYSE:CMG) Stock Price Down 0.4%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price was down 0.4% during trading on Friday . The stock traded as low as $2,877.03 and last traded at $2,895.60. Approximately 66,641 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 229,028 shares. The stock had previously closed at $2,907.97.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CMG shares. Raymond James boosted their target price 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. Argus upped their price target on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their price objective on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Oppenheimer upped their price objective on Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $2,650.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,759.14.

Chipotle Mexican Grill Price Performance

The firm has a 50-day moving average of $2,778.61 and a 200-day moving average of $2,378.70. The stock has a market cap of $78.57 billion, a PE ratio of 65.29, a PEG ratio of 2.46 and a beta of 1.28.

Chipotle Mexican Grill shares are scheduled to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $8.29 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 53.36 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction that occurred on 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 directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,793 shares of company stock valued at $18,321,152. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 84.1% in the first quarter. Valeo Financial Advisors LLC now owns 416 shares of the restaurant operator’s stock worth $1,210,000 after buying an additional 190 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in Chipotle Mexican Grill by 1.7% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 1,164 shares of the restaurant operator’s stock worth $3,382,000 after purchasing an additional 19 shares during the period. Sloy Dahl & Holst LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter worth $233,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Chipotle Mexican Grill by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 71,834 shares of the restaurant operator’s stock worth $208,805,000 after purchasing an additional 473 shares during the period. Finally, SeaCrest Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 4.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 332 shares of the restaurant operator’s stock worth $965,000 after purchasing an additional 15 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.