Chipotle Mexican Grill (NYSE:CMG) Hits New 12-Month High at $1,110.74

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,110.74 and last traded at $1,105.55, with a volume of 313897 shares traded. The stock had previously closed at $1,056.45.

CMG has been the subject of several research reports. KeyCorp upped their target price on shares of Chipotle Mexican Grill to $1,125.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Cfra cut their price target on shares of Chipotle Mexican Grill from $950.00 to $900.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Royal Bank of Canada upped their price target on shares of Chipotle Mexican Grill from $727.00 to $783.00 in a research report on Thursday, April 23rd. Credit Suisse Group upped their price target on shares of Chipotle Mexican Grill from $900.00 to $940.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating and upped their price target for the company from $680.00 to $780.00 in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $913.66.

The stock’s 50 day simple moving average is $1,033.35 and its two-hundred day simple moving average is $865.45. The firm has a market cap of $31.40 billion, a P/E ratio of 92.89, a P/E/G ratio of 8.48 and a beta of 1.22. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.62 and a quick ratio of 1.58.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, April 21st. The restaurant operator reported $3.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.79 by ($0.71). Chipotle Mexican Grill had a net margin of 5.95% and a return on equity of 23.90%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business posted $3.40 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.82 earnings per share for the current year.

In other news, CMO Christopher W. Brandt sold 8,057 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $847.29, for a total transaction of $6,826,615.53. Following the sale, the chief marketing officer now owns 12,448 shares in the company, valued at $10,547,065.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 5,776 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $863.47, for a total transaction of $4,987,402.72. Following the sale, the chief executive officer now owns 30,589 shares in the company, valued at approximately $26,412,683.83. The disclosure for this sale can be found here. Insiders have sold 23,159 shares of company stock valued at $20,842,018 in the last ninety days. Insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $25,000. Ninety One SA PTY Ltd purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $33,000. Glassman Wealth Services grew its holdings in shares of Chipotle Mexican Grill by 300.0% during the first quarter. Glassman Wealth Services now owns 52 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 39 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Chipotle Mexican Grill by 440.0% in the first quarter. Capital Advisors Ltd. LLC now owns 54 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 44 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Chipotle Mexican Grill by 42.5% in the first quarter. Arkadios Wealth Advisors now owns 57 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 95.40% of the company’s stock.

About Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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