Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Sells $7,939,579.96 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) insider Roger E. Theodoredis sold 2,509 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,164.44, for a total transaction of $7,939,579.96. Following the sale, the insider now owns 1,085 shares in the company, valued at approximately $3,433,417.40. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Chipotle Mexican Grill Stock Down 0.7 %

NYSE CMG opened at $3,138.66 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $1,768.64 and a 52 week high of $3,241.42. The firm has a market capitalization of $86.21 billion, a P/E ratio of 66.98, a PEG ratio of 2.57 and a beta of 1.28. The company has a 50-day moving average price of $2,857.95 and a 200-day moving average price of $2,458.91.

Chipotle Mexican Grill shares are set to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 55.08 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CMG. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,440.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Raymond James reaffirmed an “outperform” rating and issued a $3,340.00 price target (up previously from $3,300.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Piper Sandler lifted their price target on Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Robert W. Baird lifted their price target on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Barclays lifted their price target on Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,137.12.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMG. DAVENPORT & Co LLC grew its stake in shares of Chipotle Mexican Grill by 9.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 291 shares of the restaurant operator’s stock valued at $533,000 after acquiring an additional 25 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 17.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 212 shares of the restaurant operator’s stock valued at $388,000 after acquiring an additional 31 shares during the period. Deltec Asset Management LLC grew its stake in shares of Chipotle Mexican Grill by 250.0% during the 3rd quarter. Deltec Asset Management LLC now owns 350 shares of the restaurant operator’s stock valued at $641,000 after acquiring an additional 250 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Chipotle Mexican Grill by 9.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,515 shares of the restaurant operator’s stock valued at $6,439,000 after acquiring an additional 302 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $1,220,000. 91.31% of the stock is currently owned by institutional investors.

About Chipotle Mexican Grill

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.