Chipotle Mexican Grill (NYSE:CMG) Shares Down 0.3%

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares dropped 0.3% on Tuesday . The company traded as low as $2,924.00 and last traded at $2,926.50. Approximately 38,965 shares traded hands during trading, a decline of 83% from the average daily volume of 230,590 shares. The stock had previously closed at $2,936.63.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. Robert W. Baird reissued an “outperform” rating and set a $2,650.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, January 22nd. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $3,016.00 to $3,358.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Argus lifted their target price on shares of Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Stephens began coverage on shares of Chipotle Mexican Grill in a research note on Friday, April 12th. They issued an “equal weight” rating and a $3,010.00 target price for the company. Finally, UBS Group lifted their target price on shares of Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,719.86.

Chipotle Mexican Grill Trading Down 1.4 %

The business’s 50-day moving average is $2,772.86 and its two-hundred day moving average is $2,375.00. The stock has a market capitalization of $79.54 billion, a PE ratio of 65.40, a PEG ratio of 2.51 and a beta of 1.28.

Chipotle Mexican Grill shares are set to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, topping analysts’ consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the company earned $8.29 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 53.41 EPS for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction on Monday, January 29th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction on Monday, January 29th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock worth $18,321,152 in the last quarter. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of CMG. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $32,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $32,000. IMA Wealth Inc. raised its stake in shares of Chipotle Mexican Grill by 185.7% in the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 13 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $37,000. 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.