Insider Selling: Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Sells $3,166,010.00 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the completion of the sale, the director now owns 27,250 shares in the company, valued at $86,273,772.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Chipotle Mexican Grill Trading Down 0.7 %

Chipotle Mexican Grill stock opened at $3,138.66 on Thursday. The firm has a market capitalization of $86.21 billion, a P/E ratio of 66.98, a PEG ratio of 2.57 and a beta of 1.28. The stock has a fifty day moving average price of $2,857.95 and a 200 day moving average price of $2,458.91. Chipotle Mexican Grill, Inc. has a 52 week low of $1,768.64 and a 52 week high of $3,241.42.

Chipotle Mexican Grill shares are scheduled 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 issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, topping the consensus estimate of $11.63 by $1.74. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 55.08 EPS for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steph & Co. acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $29,000. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $37,000. ICA Group Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $38,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Sanford C. Bernstein boosted their target price on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their target price on Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Stephens boosted their target price on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, TD Cowen boosted their target price on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,137.12.

Chipotle Mexican Grill Company Profile

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.