Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Brian R. Niccol sold 3,724 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $824.90, for a total transaction of $3,071,927.60. Following the transaction, the chief executive officer now owns 28,542 shares of the company’s stock, valued at approximately $23,544,295.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE CMG traded down $8.07 during midday trading on Thursday, reaching $819.44. 75,806 shares of the stock were exchanged, compared to its average volume of 558,201. The company has a market capitalization of $22.74 billion, a P/E ratio of 90.45, a P/E/G ratio of 3.30 and a beta of 0.72. Chipotle Mexican Grill, Inc. has a 52-week low of $383.20 and a 52-week high of $828.79. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock has a 50 day moving average price of $777.77 and a 200-day moving average price of $698.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.31. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 13.26 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in Chipotle Mexican Grill by 22.7% in the second quarter. Renaissance Technologies LLC now owns 1,791,499 shares of the restaurant operator’s stock valued at $1,312,954,000 after purchasing an additional 331,100 shares during the period. BlackRock Inc. grew its holdings in Chipotle Mexican Grill by 7.7% in the second quarter. BlackRock Inc. now owns 1,699,029 shares of the restaurant operator’s stock valued at $1,245,187,000 after purchasing an additional 121,606 shares during the period. FMR LLC grew its holdings in Chipotle Mexican Grill by 88.7% in the first quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after purchasing an additional 537,677 shares during the period. Jennison Associates LLC grew its holdings in Chipotle Mexican Grill by 7.6% in the second quarter. Jennison Associates LLC now owns 927,804 shares of the restaurant operator’s stock valued at $679,969,000 after purchasing an additional 65,485 shares during the period. Finally, Independent Franchise Partners LLP grew its holdings in Chipotle Mexican Grill by 1.0% in the second quarter. Independent Franchise Partners LLP now owns 596,427 shares of the restaurant operator’s stock valued at $437,109,000 after purchasing an additional 5,730 shares during the period. Institutional investors and hedge funds own 98.12% of the company’s stock.

A number of brokerages have issued reports on CMG. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. SunTrust Banks lifted their target price on shares of Chipotle Mexican Grill to $815.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Co lifted their target price on shares of Chipotle Mexican Grill from $696.00 to $714.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Stephens lifted their target price on shares of Chipotle Mexican Grill from $650.00 to $700.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Piper Jaffray Companies lifted their target price on shares of Chipotle Mexican Grill from $824.00 to $900.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $700.26.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Insider Buying and Selling by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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