Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Brian R. Niccol Sells 3,724 Shares
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.
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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