Chipotle Mexican Grill (NYSE:CMG) Trading Down 1%

Chipotle Mexican Grill, Inc. (NYSE:CMG) was down 1% during mid-day trading on Tuesday . The company traded as low as $60.46 and last traded at $61.21. Approximately 3,745,710 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 13,350,078 shares. The stock had previously closed at $61.81.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. BTIG Research upped their target price on Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays raised their price target on Chipotle Mexican Grill from $48.00 to $57.30 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Sanford C. Bernstein boosted their price target on Chipotle Mexican Grill from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group assumed coverage on shares of Chipotle Mexican Grill in a research note on Thursday, June 13th. They set a “buy” rating and a $74.60 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.29.

Chipotle Mexican Grill Stock Performance

The stock’s fifty day simple moving average is $127.91 and its two-hundred day simple moving average is $78.65. The stock has a market capitalization of $84.60 billion, a P/E ratio of 65.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.32, for a total value of $3,166,010.00. Following the transaction, the director now directly owns 1,362,500 shares of the company’s stock, valued at $86,273,772.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Scott Boatwright sold 55,000 shares of the 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 transaction, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Albert S. Baldocchi sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the transaction, the director now directly owns 1,362,500 shares in the company, valued at approximately $86,273,772.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 550,750 shares of company stock valued at $35,023,769. Company insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently modified their holdings of the company. Steph & Co. bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $29,000. Semmax Financial Advisors Inc. lifted its stake in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $32,000. Crewe Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $44,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $37,000. Institutional investors 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.