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

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

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a “hold” rating in a research report on Tuesday. Barclays boosted their target price on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Raymond James upped their price target 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. Finally, BMO Capital Markets upped their price target on Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,759.14.

Chipotle Mexican Grill Trading Down 1.5 %

The company has a market cap of $78.57 billion, a PE ratio of 65.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.28. The business has a 50 day simple moving average of $2,778.61 and a two-hundred day simple moving average of $2,378.70.

Chipotle Mexican Grill shares are scheduled to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company posted $8.29 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 53.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher W. Brandt sold 3,149 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the transaction, the insider now directly owns 8,563 shares in the company, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,793 shares of company stock valued at $18,321,152 in the last quarter. 0.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Chipotle Mexican Grill by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after purchasing an additional 23,151 shares in the last quarter. Capital World Investors increased its holdings in Chipotle Mexican Grill by 0.8% in the 4th quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after purchasing an additional 8,541 shares in the last quarter. State Street Corp increased its holdings in Chipotle Mexican Grill by 0.5% in the 1st quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator’s stock valued at $1,781,678,000 after purchasing an additional 5,358 shares in the last quarter. Geode Capital Management LLC increased its holdings in Chipotle Mexican Grill by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator’s stock valued at $963,779,000 after purchasing an additional 9,520 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Chipotle Mexican Grill by 1.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock valued at $934,147,000 after purchasing an additional 7,677 shares in the last quarter. 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.