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

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares fell 0.1% during trading on Thursday . The company traded as low as $58.32 and last traded at $58.35. 2,563,730 shares were traded during mid-day trading, a decline of 82% from the average session volume of 14,586,790 shares. The stock had previously closed at $58.38.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CMG shares. Truist Financial restated a “buy” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Wedbush restated an “outperform” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Citigroup decreased their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Stephens reissued an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Evercore ISI lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Price Performance

The stock has a market cap of $78.53 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. The business has a 50 day moving average price of $54.53 and a two-hundred day moving average price of $80.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business posted $12.65 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently made changes to their positions in CMG. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $29,000. Semmax Financial Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $44,000. ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Finally, Westside Investment Management Inc. purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $58,000. 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.