Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 1.1%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded up 1.1% during trading on Monday . The company traded as high as $54.83 and last traded at $54.28. 1,927,877 shares traded hands during trading, a decline of 87% from the average session volume of 14,927,962 shares. The stock had previously closed at $53.68.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMG. Citigroup decreased their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Argus increased their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. KeyCorp lowered their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Evercore ISI cut their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Price Performance

The firm has a market cap of $74.64 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. The company’s 50 day moving average price is $54.95 and its 200 day moving average price is $81.01.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results 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 company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $12.65 EPS. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds have recently added to or reduced their stakes in the company. Cim LLC raised its position in Chipotle Mexican Grill by 4,731.2% in the second quarter. Cim LLC now owns 437,227 shares of the restaurant operator’s stock worth $27,392,000 after acquiring an additional 428,177 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $186,000. NCP Inc. purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $135,000. Brown Financial Advisors acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $804,000. Finally, Gordian Capital Singapore Pte Ltd boosted its position in shares of Chipotle Mexican Grill by 2,880.3% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 17,822 shares of the restaurant operator’s stock worth $1,117,000 after buying an additional 17,224 shares in the last quarter. Institutional investors and hedge funds 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.