Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Free Report)’s stock price fell 1.6% during trading on Wednesday after TD Cowen lowered their price target on the stock from $3,600.00 to $72.00. TD Cowen currently has a buy rating on the stock. Chipotle Mexican Grill traded as low as $62.75 and last traded at $64.61. 11,170,129 shares were traded during mid-day trading, a decline of 14% from the average session volume of 13,049,469 shares. The stock had previously closed at $65.66.
A number of other research firms have also recently weighed in on CMG. Barclays lifted their price target on Chipotle Mexican Grill from $48.00 to $57.30 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Stifel Nicolaus lifted their price target on Chipotle Mexican Grill from $54.00 to $65.40 and gave the company a “buy” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Citigroup lifted their price target on Chipotle Mexican Grill from $67.16 to $67.38 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Piper Sandler lifted their price target on Chipotle Mexican Grill from $48.84 to $61.40 and gave the company a “neutral” rating in a report on Thursday, April 25th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.02.
Insider Buying and Selling at Chipotle Mexican Grill
In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 125,450 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the sale, the insider now owns 54,250 shares of the company’s stock, valued at approximately $3,433,417.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Scott Boatwright sold 55,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the sale, the chief operating officer now owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Roger E. Theodoredis sold 125,450 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the sale, the insider now directly owns 54,250 shares of the company’s stock, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. Insiders sold 550,750 shares of company stock valued at $35,023,769 in the last quarter. Company insiders own 1.02% of the company’s stock.
Institutional Investors Weigh In On Chipotle Mexican Grill
Several institutional investors and hedge funds have recently modified their holdings of CMG. Byrne Asset Management LLC lifted its position in Chipotle Mexican Grill by 11.8% during the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 4 shares during the last quarter. Evermay Wealth Management LLC lifted its position in Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 4 shares during the last quarter. Peloton Wealth Strategists lifted its position in Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after acquiring an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in Chipotle Mexican Grill by 19.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 4 shares during the last quarter. Finally, Diversified Trust Co lifted its position in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after acquiring an additional 4 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.
Chipotle Mexican Grill Stock Performance
The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 1.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.25. The stock’s 50-day simple moving average is $127.42 and its two-hundred day simple moving average is $78.06.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current year.
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.