Chipotle Mexican Grill (NYSE:CMG) Stock Price Down 0.8%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded down 0.8% during trading on Friday . The company traded as low as $57.44 and last traded at $57.52. 2,754,818 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 14,678,418 shares. The stock had previously closed at $57.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler cut their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Evercore ISI cut their price objective on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Oppenheimer cut their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Robert W. Baird cut their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Stock Down 0.7 %

The stock has a market capitalization of $79.06 billion, a PE ratio of 61.19, a P/E/G ratio of 2.33 and a beta of 1.25. The firm has a 50 day moving average price of $54.27 and a 200 day moving average price of $80.82.

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, beating 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 company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $12.65 earnings per share. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on 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 directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on 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 directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. 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 ninety days. 1.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several large investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Chipotle Mexican Grill by 4,957.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 778,850 shares of the restaurant operator’s stock valued at $48,795,000 after buying an additional 763,450 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Chipotle Mexican Grill during the second quarter valued at $106,000. Newbridge Financial Services Group Inc. raised its position in Chipotle Mexican Grill by 9,652.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 25,065 shares of the restaurant operator’s stock valued at $1,570,000 after purchasing an additional 24,808 shares in the last quarter. Cim LLC raised its position in Chipotle Mexican Grill by 4,731.2% during the second quarter. Cim LLC now owns 437,227 shares of the restaurant operator’s stock valued at $27,392,000 after purchasing an additional 428,177 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at about $186,000. Institutional investors own 91.31% of the company’s stock.

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.