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

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price was up 0.4% on Tuesday . The stock traded as high as $54.72 and last traded at $53.77. Approximately 3,804,412 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 13,777,281 shares. The stock had previously closed at $53.56.

Analyst Ratings Changes

A number of research firms have commented on CMG. TD Cowen decreased their target price on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Raymond James reissued an “outperform” rating and set a $70.00 price objective (up previously from $67.00) on shares of Chipotle Mexican Grill in a report on Friday, June 28th. Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $66.00 to $69.70 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. BTIG Research increased 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 report on Thursday, April 25th. Finally, UBS Group boosted their price target on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.68.

Chipotle Mexican Grill Stock Down 1.2 %

The stock has a fifty day moving average price of $126.34 and a two-hundred day moving average price of $79.82. The company has a market capitalization of $72.68 billion, a price-to-earnings ratio of 57.37, a PEG ratio of 2.14 and a beta of 1.24.

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

Insider Buying and Selling

In related news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian R. Niccol sold 320,300 shares of the business’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 sale, the chief executive officer now directly owns 1,133,450 shares of the company’s stock, valued at approximately $72,221,620.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CMG. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4,260.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after acquiring an additional 3,060,498 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Chipotle Mexican Grill by 5,217.4% during the second quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock worth $95,767,000 after purchasing an additional 1,499,857 shares in the last quarter. Swedbank AB grew its stake in shares of Chipotle Mexican Grill by 5,270.8% in the second quarter. Swedbank AB now owns 997,350 shares of the restaurant operator’s stock valued at $62,484,000 after buying an additional 978,780 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its holdings in shares of Chipotle Mexican Grill by 4,836.5% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 764,022 shares of the restaurant operator’s stock valued at $47,866,000 after buying an additional 748,545 shares during the period. Finally, Fifth Third Bancorp lifted its position in Chipotle Mexican Grill by 5,277.4% during the 2nd quarter. Fifth Third Bancorp now owns 615,552 shares of the restaurant operator’s stock worth $38,564,000 after acquiring an additional 604,105 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

About Chipotle Mexican Grill

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.