Chipotle Mexican Grill (NYSE:CMG) Shares Up 0.8%

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) were up 0.8% during mid-day trading on Tuesday . The stock traded as high as $2,930.00 and last traded at $2,907.04. Approximately 47,617 shares were traded during trading, a decline of 79% from the average daily volume of 231,944 shares. The stock had previously closed at $2,884.25.

Analysts Set New Price Targets

Several brokerages have recently commented on CMG. Raymond James increased their price objective on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. KeyCorp lifted their price target on shares of Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Wells Fargo & Company upped their price objective on shares of Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Barclays boosted their price objective on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Eleven equities 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, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $2,759.14.

Chipotle Mexican Grill Trading Up 0.9 %

The business’s 50 day simple moving average is $2,788.71 and its two-hundred day simple moving average is $2,400.45. The firm has a market capitalization of $79.76 billion, a P/E ratio of 65.55, a price-to-earnings-growth ratio of 2.44 and a beta of 1.28.

Chipotle Mexican Grill shares are set to split before the market opens 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 market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.63. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $8.29 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 53.36 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock valued at $18,321,152 over the last ninety days. Insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Chipotle Mexican Grill by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after buying an additional 23,151 shares during the last quarter. Capital World Investors raised its position in Chipotle Mexican Grill by 0.8% during the 4th quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after purchasing an additional 8,541 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Chipotle Mexican Grill by 1.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock worth $934,147,000 after acquiring an additional 7,677 shares in the last quarter. FMR LLC increased its holdings in Chipotle Mexican Grill by 5.9% during the third quarter. FMR LLC now owns 449,942 shares of the restaurant operator’s stock valued at $824,217,000 after buying an additional 24,991 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Chipotle Mexican Grill by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock worth $732,552,000 after acquiring an additional 13,482 shares in the last quarter. Hedge funds and other institutional investors 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.