Chipotle Mexican Grill (NYSE:CMG) Stock Price Down 1%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price was down 1% on Tuesday . The stock traded as low as $60.46 and last traded at $61.21. Approximately 3,745,710 shares traded hands during trading, a decline of 72% from the average daily volume of 13,350,078 shares. The stock had previously closed at $61.81.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays upped their target price on shares of Chipotle Mexican Grill from $48.00 to $57.30 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their price objective on Chipotle Mexican Grill from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. UBS Group boosted their target price on Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. StockNews.com cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $66.00 to $69.70 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.29.

Chipotle Mexican Grill Stock Up 0.3 %

The business has a fifty day moving average of $127.91 and a 200 day moving average of $78.65. The company has a market cap of $84.60 billion, a P/E ratio of 65.73, a P/E/G ratio of 2.49 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 320,300 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the sale, the chief executive officer now directly owns 1,133,450 shares of the company’s stock, valued at approximately $72,221,620.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Scott Boatwright sold 55,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 320,300 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the completion of the transaction, the chief executive officer now owns 1,133,450 shares of the company’s stock, valued at $72,221,620.48. The disclosure for this sale can be found here. Insiders sold a total of 550,750 shares of company stock valued at $35,023,769 over the last three months. Corporate insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently bought and sold shares of CMG. Evermay Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares in the last quarter. Peloton Wealth Strategists increased its position in Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after purchasing an additional 4 shares during the period. Diversified Trust Co raised its holdings in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after purchasing an additional 4 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of Chipotle Mexican Grill by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 4 shares during the period. Finally, Byrne Asset Management LLC boosted its stake in shares of Chipotle Mexican Grill by 11.8% during the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

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.