Chipotle Mexican Grill (NYSE:CMG) Trading Down 0.5% – Here’s What Happened

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report)’s stock price traded down 0.5% during trading on Tuesday . The stock traded as low as $55.95 and last traded at $56.08. 2,092,175 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 13,961,264 shares. The stock had previously closed at $56.38.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. Wedbush restated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Citigroup lowered their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Raymond James dropped their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, The Goldman Sachs Group lowered their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Read Our Latest Report on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

The firm has a market capitalization of $76.83 billion, a price-to-earnings ratio of 52.20, a P/E/G ratio of 2.37 and a beta of 1.26. The stock has a fifty day moving average of $57.31 and a two-hundred day moving average of $81.45.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock valued at $1,866,023 over the last quarter. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors have recently made changes to their positions in CMG. Central Pacific Bank Trust Division bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at $561,000. Mediolanum International Funds Ltd bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $9,387,000. Catalina Capital Group LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at approximately $404,000. Signaturefd LLC grew its holdings in Chipotle Mexican Grill by 15.3% during the first quarter. Signaturefd LLC now owns 437 shares of the restaurant operator’s stock valued at $1,270,000 after purchasing an additional 58 shares during the period. Finally, Csenge Advisory Group purchased a new stake in Chipotle Mexican Grill in the first quarter worth $291,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

About Chipotle Mexican Grill

(Get Free Report)

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.

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