Chipotle Mexican Grill, Inc. (NYSE:CMG) CTO Curtis E. Garner sold 1,272 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $850.00, for a total value of $1,081,200.00. Following the completion of the sale, the chief technology officer now owns 7,280 shares in the company, valued at approximately $6,188,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NYSE:CMG traded up $11.23 during trading on Wednesday, reaching $799.21. The company had a trading volume of 617,027 shares, compared to its average volume of 588,894. The firm’s fifty day moving average is $812.34 and its 200 day moving average is $724.40. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market capitalization of $23.28 billion, a PE ratio of 88.21, a price-to-earnings-growth ratio of 3.35 and a beta of 0.71. Chipotle Mexican Grill, Inc. has a twelve month low of $383.20 and a twelve month high of $857.90.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.68 by $0.31. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.87 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 13.36 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of CMG. Commonwealth Bank of Australia lifted its stake in Chipotle Mexican Grill by 77.3% during the second quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Bremer Bank National Association acquired a new position in Chipotle Mexican Grill in the first quarter worth approximately $33,000. FNY Investment Advisers LLC acquired a new position in Chipotle Mexican Grill in the second quarter worth approximately $36,000. Griffin Asset Management Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at $41,000. Finally, Liberty Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 123.1% in the second quarter. Liberty Wealth Management LLC now owns 87 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 48 shares in the last quarter. 92.04% of the stock is currently owned by institutional investors.
CMG has been the subject of a number of research analyst reports. Piper Jaffray Companies raised their price target on Chipotle Mexican Grill from $900.00 to $904.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Stephens raised their target price on shares of Chipotle Mexican Grill from $650.00 to $700.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Mizuho lifted their price objective on shares of Chipotle Mexican Grill from $420.00 to $500.00 and gave the company an “underperform” rating in a research note on Wednesday, July 24th. SunTrust Banks upped their price objective on shares of Chipotle Mexican Grill from $815.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, BMO Capital Markets increased their price target on Chipotle Mexican Grill from $620.00 to $640.00 and gave the company an “underperform” rating in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $709.58.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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