Insider Selling: Chipotle Mexican Grill CEO Unloads 35,507 Shares of Stock (CMG)
Chipotle Mexican Grill (NYSE:CMG) CEO Steve Ells sold 35,507 shares of Chipotle Mexican Grill stock on the open market in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $509.60, for a total value of $18,094,367.20. Following the completion of the sale, the chief executive officer now directly owns 152,215 shares in the company, valued at approximately $77,568,764. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Chipotle Mexican Grill from $470.00 to $580.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note to investors on Monday. They now have a $535.00 price target on the stock. Finally, analysts at Miller Tabak downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $490.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $445.91.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 0.15% during mid-day trading on Wednesday, hitting $520.79. 586,612 shares of the company’s stock traded hands. Chipotle Mexican Grill has a 1-year low of $233.82 and a 1-year high of $425.50. The stock’s 50-day moving average is $408.1 and its 200-day moving average is $368.4. The company has a market cap of $16.115 billion and a price-to-earnings ratio of 52.67.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, October 17th. The company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by $0.11. The company had revenue of $826.90 million for the quarter, compared to the consensus estimate of $820.28 million. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill will post $10.48 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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