Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 2% – What’s Next?

Chipotle Mexican Grill, Inc. (NYSE:CMG) rose 2% on Tuesday . The company traded as high as $60.75 and last traded at $60.47. Approximately 4,851,176 shares changed hands during trading, a decline of 65% from the average daily volume of 13,884,207 shares. The stock had previously closed at $59.27.

Analyst Ratings Changes

Several research firms have recently weighed in on CMG. Loop Capital increased their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Wells Fargo & Company boosted their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. 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, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Chipotle Mexican Grill Stock Up 1.1 %

The company has a market cap of $81.64 billion, a PE ratio of 56.15, a P/E/G ratio of 2.44 and a beta of 1.26. The business has a 50-day simple moving average of $57.78 and a 200-day simple moving average of $81.24.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The shares were 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 in the company, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Shellback Capital LP grew its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after purchasing an additional 122,500 shares during the period. Swedbank AB purchased a new position in Chipotle Mexican Grill in the first quarter valued at about $53,979,000. Optas LLC boosted its stake in shares of Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $758,000. Finally, Pathway Financial Advisers LLC increased its stake in Chipotle Mexican Grill by 5,662.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after purchasing an additional 8,493 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.