Chipotle Mexican Grill (NYSE:CMG) Trading Down 1.2%

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares traded down 1.2% on Monday . The company traded as low as $56.56 and last traded at $56.97. 3,828,473 shares changed hands during trading, a decline of 72% from the average session volume of 13,607,476 shares. The stock had previously closed at $57.67.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CMG shares. UBS Group increased their price objective on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Morgan Stanley increased their price objective on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Finally, Raymond James restated an “outperform” rating and issued a $70.00 price target (up from $67.00) on shares of Chipotle Mexican Grill in a research report on Friday, June 28th. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $64.90.

Chipotle Mexican Grill Trading Down 1.2 %

The company has a market capitalization of $72.68 billion, a P/E ratio of 57.37, a P/E/G ratio of 2.14 and a beta of 1.24. The business’s fifty day moving average price is $126.34 and its 200 day moving average price is $79.82.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.72, for a total value of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 1,133,450 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the transaction, the chief operating officer now owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 320,300 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 in the company, valued at approximately $72,221,620.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMG. Byrne Asset Management LLC lifted its stake in Chipotle Mexican Grill by 11.8% in the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 4 shares in the last quarter. Evermay Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after buying an additional 4 shares in the last quarter. Peloton Wealth Strategists lifted its stake in Chipotle Mexican Grill by 0.3% in the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after buying an additional 4 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Chipotle Mexican Grill by 19.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 4 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after buying an additional 4 shares during the last quarter. 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.