Chipotle Mexican Grill (NYSE:CMG) Shares Down 1.4% – Time to Sell?

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded down 1.4% during trading on Tuesday . The company traded as low as $57.67 and last traded at $57.96. 1,079,467 shares traded hands during trading, a decline of 92% from the average session volume of 13,758,901 shares. The stock had previously closed at $58.81.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays raised their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Loop Capital lifted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Price Performance

The stock has a 50-day simple moving average of $58.26 and a 200 day simple moving average of $81.10. The company has a market capitalization of $80.23 billion, a PE ratio of 54.80, a P/E/G ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its stake in shares of Chipotle Mexican Grill by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 24,888 shares of the restaurant operator’s stock valued at $1,434,000 after buying an additional 5,054 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Chipotle Mexican Grill by 34.8% in the third quarter. Sunbelt Securities Inc. now owns 12,332 shares of the restaurant operator’s stock valued at $711,000 after buying an additional 3,182 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $7,803,000. Coldstream Capital Management Inc. grew its stake in shares of Chipotle Mexican Grill by 47.7% in the third quarter. Coldstream Capital Management Inc. now owns 37,481 shares of the restaurant operator’s stock valued at $2,180,000 after buying an additional 12,097 shares in the last quarter. Finally, RB Capital Management LLC grew its stake in shares of Chipotle Mexican Grill by 249.7% in the third quarter. RB Capital Management LLC now owns 40,044 shares of the restaurant operator’s stock valued at $2,307,000 after buying an additional 28,594 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.