Chipotle Mexican Grill (NYSE:CMG) Shares Down 1.3%

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded down 1.3% during mid-day trading on Monday . The company traded as low as $3,170.04 and last traded at $3,170.04. 81,736 shares traded hands during trading, a decline of 68% from the average session volume of 256,507 shares. The stock had previously closed at $3,210.49.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BTIG Research boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Robert W. Baird reiterated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Friday, June 21st. Morgan Stanley upped their price target on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Stifel Nicolaus upped their price target on shares of Chipotle Mexican Grill from $54.00 to $65.40 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, TD Cowen reduced their price target on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.02.

Chipotle Mexican Grill Price Performance

The company’s 50-day simple moving average is $127.42 and its 200-day simple moving average is $78.06. The stock has a market capitalization of $1.81 billion, a P/E ratio of 1.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 company 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%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now owns 1,362,500 shares in the company, valued at approximately $86,273,772.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Chipotle Mexican Grill news, COO Scott Boatwright sold 55,000 shares of Chipotle Mexican Grill 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 completion of the sale, the chief operating officer now owns 120,600 shares in the company, valued at approximately $7,694,665.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now owns 1,362,500 shares of the company’s stock, valued at approximately $86,273,772.50. 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 owned by insiders.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the business. Railway Pension Investments Ltd bought a new position in Chipotle Mexican Grill in the 1st quarter valued at about $1,163,000. Westwood Holdings Group Inc. increased its holdings in Chipotle Mexican Grill by 1.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 13,490 shares of the restaurant operator’s stock valued at $39,212,000 after buying an additional 149 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Chipotle Mexican Grill by 6.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,082 shares of the restaurant operator’s stock valued at $23,864,000 after buying an additional 464 shares during the period. Alexander Labrunerie & CO. Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter valued at about $1,427,000. Finally, Cetera Advisors LLC increased its holdings in Chipotle Mexican Grill by 166.4% in the 1st quarter. Cetera Advisors LLC now owns 1,055 shares of the restaurant operator’s stock valued at $3,067,000 after buying an additional 659 shares during the period. Institutional investors and hedge funds 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.