Chipotle Mexican Grill (NYSE:CMG) Stock Price Down 1%

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) fell 1% during mid-day trading on Tuesday . The company traded as low as $60.46 and last traded at $61.21. 3,745,710 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 13,350,078 shares. The stock had previously closed at $61.81.

Wall Street Analyst Weigh In

Several research firms recently commented on CMG. Stifel Nicolaus boosted their price target on Chipotle Mexican Grill from $54.00 to $65.40 and gave the stock a “buy” rating in a research report on Thursday, April 11th. BTIG Research upped their target price on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group began coverage on shares of Chipotle Mexican Grill in a research note on Thursday, June 13th. They set a “buy” rating and a $74.60 price target on the stock. Wedbush reiterated a “neutral” rating and issued a $64.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, June 17th. Finally, Piper Sandler raised their target price on Chipotle Mexican Grill from $48.84 to $61.40 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.29.

Chipotle Mexican Grill Price Performance

The business has a fifty day moving average price of $127.77 and a 200 day moving average price of $78.43. The company has a market capitalization of $83.99 billion, a price-to-earnings ratio of 65.31, a price-to-earnings-growth ratio of 2.49 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 320,300 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the transaction, the chief executive officer now directly owns 1,133,450 shares of the company’s stock, valued at $72,221,620.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Scott Boatwright sold 55,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the transaction, the chief operating officer now owns 120,600 shares in the company, valued at approximately $7,694,665.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 320,300 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the sale, the chief executive officer now owns 1,133,450 shares in the company, valued at approximately $72,221,620.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 550,750 shares of company stock valued at $35,023,769. 1.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Trust Co of the South grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Trust Co of the South now owns 7,500 shares of the restaurant operator’s stock valued at $470,000 after buying an additional 7,350 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in Chipotle Mexican Grill by 18,792.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 15,492 shares of the restaurant operator’s stock valued at $971,000 after acquiring an additional 15,410 shares in the last quarter. Appleton Partners Inc. MA increased its holdings in shares of Chipotle Mexican Grill by 4,779.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 210,225 shares of the restaurant operator’s stock valued at $13,171,000 after purchasing an additional 205,917 shares during the period. GP Brinson Investments LLC increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. GP Brinson Investments LLC now owns 50,000 shares of the restaurant operator’s stock valued at $3,132,000 after purchasing an additional 49,000 shares during the period. Finally, Bank of New Hampshire increased its holdings in shares of Chipotle Mexican Grill by 5,488.2% in the 2nd quarter. Bank of New Hampshire now owns 1,900 shares of the restaurant operator’s stock valued at $119,000 after purchasing an additional 1,866 shares during the period. 91.31% of the stock is 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.