Chipotle Mexican Grill (NYSE:CMG) Shares Gap Down to $55.87

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares gapped down prior to trading on Tuesday . The stock had previously closed at $55.87, but opened at $50.79. Chipotle Mexican Grill shares last traded at $49.22, with a volume of 24,886,864 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CMG shares. UBS Group lifted their price target on Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Wedbush lowered their target price on Chipotle Mexican Grill from $64.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Stephens decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Loop Capital cut their target price on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.88.

Chipotle Mexican Grill Trading Down 9.1 %

The stock has a fifty day simple moving average of $123.37 and a 200-day simple moving average of $80.59. The stock has a market cap of $69.75 billion, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $12.65 earnings per share. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after purchasing an additional 19,759,754 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Chipotle Mexican Grill by 5,930.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after acquiring an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares during the period. William Blair Investment Management LLC increased its stake in Chipotle Mexican Grill by 4,565.8% in the second quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock valued at $318,185,000 after purchasing an additional 4,969,916 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Chipotle Mexican Grill by 5,583.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,043,441 shares of the restaurant operator’s stock worth $315,966,000 after purchasing an additional 4,954,696 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.