Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 0.3%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded up 0.3% on Monday . The company traded as high as $2,897.95 and last traded at $2,878.99. 51,037 shares changed hands during trading, a decline of 78% from the average session volume of 231,690 shares. The stock had previously closed at $2,869.11.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMG. Evercore ISI upped their price objective on Chipotle Mexican Grill from $2,900.00 to $3,200.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Jefferies Financial Group upped their price objective on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Citigroup upped their price objective on Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Stifel Nicolaus increased their price target on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, UBS Group increased their price target on Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,759.14.

Chipotle Mexican Grill Stock Up 1.1 %

The stock has a market cap of $79.96 billion, a price-to-earnings ratio of 65.75, a price-to-earnings-growth ratio of 2.44 and a beta of 1.28. The company’s 50-day simple moving average is $2,795.05 and its 200-day simple moving average is $2,408.15.

Chipotle Mexican Grill shares are set to split before the market opens 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 closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business posted $8.29 EPS. The company’s revenue was up 15.4% on a year-over-year basis. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 53.49 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction 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 owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Albert S. Baldocchi sold 750 shares of Chipotle Mexican Grill stock in a transaction on 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 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. In the last 90 days, insiders sold 6,793 shares of company stock valued at $18,321,152. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Steph & Co. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $29,000. Fortitude Family Office LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $32,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $37,000. ICA Group Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $37,000. Finally, Keener Financial Planning LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $43,000. Institutional investors own 91.31% of the company’s stock.

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.