Chipotle Mexican Grill (NYSE:CMG) Shares Down 1.6%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price dropped 1.6% during mid-day trading on Wednesday . The company traded as low as $57.53 and last traded at $57.56. Approximately 1,823,227 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 14,727,790 shares. The stock had previously closed at $58.50.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMG shares. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Oppenheimer decreased their price target on shares of 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. Guggenheim upped their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Finally, Stephens reaffirmed an “equal weight” rating and set a $61.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Stock Performance

The business’s 50-day moving average is $54.29 and its 200-day moving average is $81.15. The company has a market capitalization of $79.05 billion, a PE ratio of 61.23, a PEG ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $12.65 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock worth $1,918,589 over the last three months. 1.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter worth $25,000. Riverview Trust Co raised its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. RiverPark Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares in the last quarter. Archer Investment Corp purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other 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.