Chipotle Mexican Grill, Inc. (NYSE:CMG) insider Scott Boatwright sold 1,805 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $740.22, for a total value of $1,336,097.10. Following the completion of the transaction, the insider now owns 8,869 shares in the company, valued at $6,565,011.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:CMG traded up $8.30 during trading on Friday, reaching $740.59. 330,729 shares of the stock were exchanged, compared to its average volume of 664,029. Chipotle Mexican Grill, Inc. has a 12 month low of $383.20 and a 12 month high of $749.24. The stock has a market cap of $20.30 billion, a PE ratio of 81.74, a P/E/G ratio of 2.96 and a beta of 0.63. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 1.69.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.39. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 13 earnings per share for the current year.

Several large investors have recently modified their holdings of CMG. FMR LLC boosted its holdings in shares of Chipotle Mexican Grill by 88.7% during the first quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock worth $812,301,000 after acquiring an additional 537,677 shares during the period. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $104,491,000. Renaissance Technologies LLC raised its position in shares of Chipotle Mexican Grill by 17.7% in the first quarter. Renaissance Technologies LLC now owns 1,460,399 shares of the restaurant operator’s stock valued at $1,037,336,000 after buying an additional 219,940 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Chipotle Mexican Grill by 40.1% in the first quarter. Wellington Management Group LLP now owns 716,351 shares of the restaurant operator’s stock valued at $508,831,000 after buying an additional 204,895 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Chipotle Mexican Grill by 101.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after buying an additional 154,428 shares in the last quarter. Institutional investors own 95.08% of the company’s stock.

Several research firms have recently issued reports on CMG. Evercore ISI began coverage on Chipotle Mexican Grill in a research report on Tuesday. They issued an “outperform” rating and a $825.00 price target on the stock. Maxim Group reaffirmed a “hold” rating and set a $650.00 price objective (up previously from $635.00) on shares of Chipotle Mexican Grill in a research note on Tuesday. Citigroup raised their price objective on Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. BMO Capital Markets downgraded Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $675.00 to $620.00 in a research note on Thursday, May 23rd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies lifted their price target on Chipotle Mexican Grill from $760.00 to $783.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $648.66.

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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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