Chipotle Mexican Grill, Inc. (NYSE:CMG) Short Interest Update

Chipotle Mexican Grill, Inc. (NYSE:CMG) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 25,660,000 shares, a decline of 6.1% from the November 15th total of 27,320,000 shares. Based on an average trading volume of 9,550,000 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMG shares. Citigroup dropped their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer reissued an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, TD Cowen boosted their target price on shares of 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 research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.55.

Chipotle Mexican Grill Trading Down 0.4 %

Shares of CMG traded down $0.28 during mid-day trading on Tuesday, hitting $64.52. 3,298,812 shares of the company traded hands, compared to its average volume of 13,354,685. Chipotle Mexican Grill has a one year low of $44.08 and a one year high of $69.26. The business has a 50-day moving average of $60.36 and a 200 day moving average of $81.21. The stock has a market capitalization of $87.91 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.64 and a beta of 1.27.

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

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds have recently bought and sold shares of the company. RiverPark Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $25,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $27,000. Finally, MCF Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 5,525.0% during the second quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 442 shares during the period. 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.