Insider Selling: Chipotle Mexican Grill Director Sells 7,300 Shares of Stock (CMG)
Chipotle Mexican Grill (NYSE:CMG) Director Albert S. Baldocchi sold 7,300 shares of Chipotle Mexican Grill stock on the open market in a transaction dated Friday, February 7th. The stock was sold at an average price of $550.87, for a total value of $4,021,351.00. Following the sale, the director now directly owns 72,987 shares in the company, valued at approximately $40,206,349. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Chipotle Mexican Grill (NYSE:CMG) traded up 0.89% on Friday, hitting $549.29. The stock had a trading volume of 495,822 shares. Chipotle Mexican Grill has a one year low of $307.17 and a one year high of $568.90. The stock has a 50-day moving average of $526.5 and a 200-day moving average of $477.. The company’s market cap is $17.046 billion.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.53. The company had revenue of $844.10 million for the quarter, compared to the consensus estimate of $826.24 million. On average, analysts predict that Chipotle Mexican Grill will post $12.91 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Longbow Research initiated coverage on shares of Chipotle Mexican Grill in a research note to investors on Friday. They set an “underperform” rating on the stock. Separately, analysts at Argus raised their price target on shares of Chipotle Mexican Grill from $580.00 to $660.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note to investors on Tuesday. They now have a $580.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $556.74.
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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