Chipotle Mexican Grill (NYSE:CMG) Trading Down 0.1%

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares dropped 0.1% on Wednesday . The stock traded as low as $54.02 and last traded at $54.13. Approximately 1,025,766 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 14,855,625 shares. The stock had previously closed at $54.21.

Analyst Upgrades and Downgrades

CMG has been the subject of several research analyst reports. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Barclays lowered their target price on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Argus upped their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Loop Capital dropped their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Up 1.0 %

The firm has a 50 day moving average of $54.44 and a two-hundred day moving average of $80.68. The firm has a market capitalization of $77.17 billion, a price-to-earnings ratio of 60.13, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted 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. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $12.65 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently modified their holdings of the business. Gilbert & Cook Inc. lifted its holdings in Chipotle Mexican Grill by 7.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock worth $2,351,000 after buying an additional 73 shares during the period. Gryphon Financial Partners LLC raised its position in shares of Chipotle Mexican Grill by 55.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock worth $780,000 after acquiring an additional 121 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $277,000. QRG Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 4.6% in the fourth quarter. QRG Capital Management Inc. now owns 340 shares of the restaurant operator’s stock worth $778,000 after acquiring an additional 15 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Chipotle Mexican Grill by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 88,399 shares of the restaurant operator’s stock valued at $202,158,000 after acquiring an additional 8,458 shares during the last quarter. 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.