Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 0.3%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price rose 0.3% on Monday . The stock traded as high as $2,897.95 and last traded at $2,878.99. Approximately 51,037 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 231,690 shares. The stock had previously closed at $2,869.11.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. Wedbush upped their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. Citigroup increased their price objective on shares of Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the company a “buy” rating in a report on Monday, April 8th. Stephens started coverage on shares of Chipotle Mexican Grill in a report on Friday, April 12th. They set an “equal weight” rating and a $3,010.00 price objective for the company. Piper Sandler increased their price objective on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a “neutral” rating in a report on Tuesday, January 16th. Finally, BMO Capital Markets increased their price objective on shares of Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,759.14.

Chipotle Mexican Grill Price Performance

The business has a fifty day moving average price of $2,795.05 and a two-hundred day moving average price of $2,408.15. The firm has a market capitalization of $79.96 billion, a price-to-earnings ratio of 65.75, a price-to-earnings-growth ratio of 2.44 and a beta of 1.28.

Shares of Chipotle Mexican Grill are going 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 payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate of $9.73 by $0.63. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. Chipotle Mexican Grill’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $8.29 earnings per share. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 53.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares in the company, valued at $53,870,779.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the transaction, the insider now owns 8,563 shares in the company, valued at $25,071,093.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,793 shares of company stock worth $18,321,152. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $29,000. Fortitude Family Office LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $32,000. Turtle Creek Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $37,000. ICA Group Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at $38,000. Institutional investors and hedge funds 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.