Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) fell 5.5% during mid-day trading on Thursday . The stock traded as low as $656.14 and last traded at $667.12. 1,479,249 shares traded hands during mid-day trading, an increase of 138% from the average session volume of 622,145 shares. The stock had previously closed at $706.04.
Several brokerages have recently issued reports on CMG. Zacks Investment Research downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Piper Jaffray Companies upped their price objective on Chipotle Mexican Grill from $760.00 to $783.00 and gave the company an “overweight” rating in a research report on Monday. Jefferies Financial Group downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating and upped their price objective for the company from $600.00 to $700.00 in a research report on Thursday, April 11th. Maxim Group upped their price objective on Chipotle Mexican Grill from $540.00 to $620.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, Oppenheimer upped their target price on Chipotle Mexican Grill from $400.00 to $525.00 and gave the company an “underperform” rating in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $641.82.
The company has a market capitalization of $19.82 billion, a P/E ratio of 73.63, a PEG ratio of 2.87 and a beta of 0.64. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.44 and a quick ratio of 1.41.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.01 by $0.39. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 13 EPS for the current fiscal year.
In other news, CFO Jack Hartung sold 1,188 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $680.00, for a total value of $807,840.00. Following the completion of the sale, the chief financial officer now owns 37,472 shares in the company, valued at $25,480,960. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 12,658 shares of company stock valued at $8,180,702. Insiders own 2.21% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in Chipotle Mexican Grill by 1.9% in the third quarter. Vanguard Group Inc now owns 2,590,430 shares of the restaurant operator’s stock valued at $1,177,403,000 after purchasing an additional 47,822 shares during the last quarter. BlackRock Inc. boosted its holdings in Chipotle Mexican Grill by 4.2% in the fourth quarter. BlackRock Inc. now owns 1,615,632 shares of the restaurant operator’s stock valued at $697,615,000 after purchasing an additional 64,606 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Chipotle Mexican Grill by 17.7% in the first quarter. Renaissance Technologies LLC now owns 1,460,399 shares of the restaurant operator’s stock valued at $1,037,336,000 after purchasing an additional 219,940 shares during the last quarter. FMR LLC boosted its holdings in Chipotle Mexican Grill by 88.7% in the first quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after purchasing an additional 537,677 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Chipotle Mexican Grill by 6.6% in the first quarter. Jennison Associates LLC now owns 862,319 shares of the restaurant operator’s stock valued at $612,514,000 after purchasing an additional 53,501 shares during the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.
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Chipotle Mexican Grill Company Profile (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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