Chipotle Mexican Grill CMO Mark Crumpacker Sells 2,282 Shares (CMG)
Chipotle Mexican Grill (NYSE:CMG) CMO Mark Crumpacker sold 2,282 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $429.85, for a total value of $980,917.70. Following the completion of the transaction, the chief marketing officer now directly owns 3,000 shares of the company’s stock, valued at approximately $1,289,550. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Chipotle Mexican Grill (NYSE:CMG) traded down 1.31% on Tuesday, hitting $427.72. The stock had a trading volume of 634,870 shares. Chipotle Mexican Grill has a 52 week low of $233.82 and a 52 week high of $434.36. The stock’s 50-day moving average is $415.8 and its 200-day moving average is $381.0. The company has a market cap of $13.203 billion and a P/E ratio of 45.71.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, July 18th. The company reported $2.82 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $2.56 earnings per share. The company’s quarterly revenue 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.
CMG has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Chipotle Mexican Grill from $375.00 to $400.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note to investors on Tuesday, October 1st. They now have a $410.00 price target on the stock, up previously from $400.00. Finally, analysts at Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 30th. They now have a $485.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $403.39.
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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