Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 1.5%

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) rose 1.5% during mid-day trading on Monday . The company traded as high as $57.51 and last traded at $56.97. Approximately 1,938,759 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 14,776,313 shares. The stock had previously closed at $56.12.

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. TD Cowen reiterated a “buy” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Stephens restated an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Raymond James lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Oppenheimer lowered their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Down 2.7 %

The stock has a market cap of $78.17 billion, a price-to-earnings ratio of 61.10, a PEG ratio of 2.33 and a beta of 1.25. The business has a 50-day moving average of $54.29 and a 200-day moving average of $81.15.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $12.65 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock valued at $1,918,589 over the last quarter. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steph & Co. bought a new position in Chipotle Mexican Grill during the first quarter valued at about $29,000. Semmax Financial Advisors Inc. boosted its holdings in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $44,000. ICA Group Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. Finally, Westside Investment Management Inc. acquired a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $58,000. 91.31% of the stock is currently owned by institutional investors.

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.