Insider Selling: Chipotle Mexican Grill CFO Unloads 3,804 Shares of Stock (CMG)
Chipotle Mexican Grill (NYSE:CMG) CFO Jack Hartung unloaded 3,804 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $430.09, for a total value of $1,636,062.36. Following the completion of the transaction, the chief financial officer now directly owns 19,782 shares in the company, valued at approximately $8,508,040. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Chipotle Mexican Grill (NYSE:CMG) traded down 1.31% during mid-day trading on Tuesday, hitting $427.72. The stock had a trading volume of 634,870 shares. Chipotle Mexican Grill has a one year low of $233.82 and a one year 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 price-to-earnings ratio of 45.71.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings data 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. Analysts expect that Chipotle Mexican Grill will post $10.59 EPS for the current fiscal year.
A number of analysts have recently weighed in on CMG shares. 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 equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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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