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

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price dropped 0.3% during trading on Monday . The company traded as low as $53.16 and last traded at $53.39. Approximately 3,132,475 shares changed hands during trading, a decline of 77% from the average daily volume of 13,771,787 shares. The stock had previously closed at $53.54.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Stephens restated an “equal weight” rating and set a $30.50 price objective (down previously from $3,050.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 10th. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. Morgan Stanley increased their price objective on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, UBS Group increased their price objective on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.52.

Chipotle Mexican Grill Stock Performance

The stock has a market capitalization of $71.13 billion, a P/E ratio of 55.26, a P/E/G ratio of 2.14 and a beta of 1.24. The company’s 50-day moving average price is $125.89 and its 200 day moving average price is $79.68.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $12.65 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.1 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the transaction, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the transaction, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the transaction, the chief executive officer now directly 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. Over the last ninety days, insiders sold 550,750 shares of company stock valued at $35,023,769. Corporate insiders own 1.02% of the company’s stock.

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. Mutual Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 7.6% in the 4th quarter. Mutual Advisors LLC now owns 226 shares of the restaurant operator’s stock worth $517,000 after buying an additional 16 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 422 shares of the restaurant operator’s stock worth $965,000 after buying an additional 10 shares in the last quarter. Wealthsource Partners LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $242,000. Raymond James & Associates grew its stake in shares of Chipotle Mexican Grill by 8.5% in the 4th quarter. Raymond James & Associates now owns 26,646 shares of the restaurant operator’s stock worth $60,938,000 after buying an additional 2,093 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $101,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.