Chipotle Mexican Grill (NYSE:CMG) Shares Up 1.9%

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) shot up 1.9% during mid-day trading on Monday . The stock traded as high as $3,359.09 and last traded at $3,333.80. 115,639 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 243,692 shares. The stock had previously closed at $3,271.71.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMG. Jefferies Financial Group boosted their target price on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group began coverage on shares of Chipotle Mexican Grill in a research report on Thursday. They set a “buy” rating and a $3,730.00 target price for the company. Finally, Barclays boosted their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Ten research 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,181.85.

Chipotle Mexican Grill Stock Up 3.3 %

The company’s fifty day simple moving average is $3,102.52 and its two-hundred day simple moving average is $2,716.30. The company has a market capitalization of $92.88 billion, a price-to-earnings ratio of 71.14, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25.

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

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 1,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now owns 27,250 shares of the company’s stock, valued at $86,273,772.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Brian R. Niccol sold 6,406 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 22,669 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $3,166.01, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now owns 27,250 shares of the company’s stock, valued at approximately $86,273,772.50. The disclosure for this sale can be found here. Insiders sold 14,164 shares of company stock valued at $44,243,538 over the last quarter. Corporate insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds have recently bought and sold shares of the company. Steph & Co. bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $32,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $37,000. ICA Group Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $37,000. Finally, Semmax Financial Advisors Inc. increased its stake in Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

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.