Chipotle Mexican Grill CMO Unloads $1,110,433 in Stock (CMG)
Chipotle Mexican Grill (NYSE:CMG) CMO Mark Crumpacker sold 2,642 shares of the stock on the open market in a transaction dated Thursday, September 12th. The shares were sold at an average price of $420.30, for a total value of $1,110,432.60. Following the completion of the transaction, the chief marketing officer now directly owns 3,000 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
CMG has been the subject of a number of recent research reports. Analysts at Northcoast Research initiated coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note to investors on Friday, August 23rd. They set a “sell” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from an “underperform” rating to a “hold” rating in a research note to investors on Tuesday, August 20th. They now have a $400.00 price target on the stock, up previously from $306.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note to investors on Thursday, August 8th. They now have a $425.00 price target on the stock.
One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $398.09.
Chipotle Mexican Grill (NYSE:CMG) traded down 0.43% during mid-day trading on Thursday, hitting $421.64. 220,420 shares of the company’s stock traded hands. Chipotle Mexican Grill has a one year low of $233.82 and a one year high of $423.49. The stock has a 50-day moving average of $406.9 and a 200-day moving average of $367.2. The company has a market cap of $13.016 billion and a price-to-earnings ratio of 44.67.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, July 18th. The company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. The company had revenue of $816.80 million for the quarter, compared to the consensus estimate of $802.80 million. During the same quarter in the previous year, the company posted $2.56 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill will post $10.59 earnings per share for the current fiscal year.
Chipotle Mexican Grill, Inc and its subsidiaries (NYSE:CMG) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.
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