Chipotle Mexican Grill (NYSE:CMG) shares fall 0.4%

The stock price of Chipotle Mexican Grill, Inc. (NYSE:CMG – Get a Free Report) fell 0.4% in trading on Friday. The company traded as low as $2,877.03 and last traded at $2,895.60. During trading, 66,641 shares changed hands, down 71% from the average session volume of 229,028 shares. The stock previously closed at $2,907.97.

Wall Street analysts weigh in

A number of research firms have recently expressed their opinions on CMG. Robert W. Baird reaffirmed an “outperform” rating and set a $2,650.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, January 22. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20. Barclays raised their price target on shares of Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the stock an “equalweight” rating in a research note on Wednesday, February 7. Raymond James lifted their price target on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25. Finally, Stephens initiated coverage on shares of Chipotle Mexican Grill in a research note on Friday, April 12. They set an equalweight rating and a price target of €3,010.00 for the stock. Eleven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $2,759.14.

View our latest stock analysis on CMG

Chipotle Mexican Grill drops 1.3%

The company has a market cap of $78.67 billion, a price-to-earnings ratio of 64.69, a PEG ratio of 2.47, and a beta of 1.28. The company’s 50-day simple moving average is $2,783.24 and its 200-day simple moving average is $2,389.50.

Shares of Chipotle Mexican Grill are expected to split on Wednesday morning, June 26. The 50-1 split was announced on Tuesday, March 19. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, June 25.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last reported its quarterly earnings data on Tuesday, February 6. The restaurant operator reported $10.36 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.63. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The company’s revenue rose 15.4% year over year. During the same period last year, the company posted earnings per share of $8.29. Sales analysts expect Chipotle Mexican Grill, Inc. will post earnings per share of 53.36 for the current year.

Insider transactions at Chipotle Mexican Grill

In other news, CEO Brian R. Niccol sold 1,996 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the transaction, the CEO now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, the director now owns 37,271 shares in the company, valued at $97,221,776.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian R. Niccol sold 1,996 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the transaction, the CEO now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The explanation of this sale can be found here. Insiders have sold a total of 6,793 shares of the company’s stock worth $18,321,152 in the last three months. Company insiders own 0.96% of the company’s shares.

Institutional inflow and outflow

Several hedge funds have recently bought and sold shares of the company. Everett Harris & Co. CA bought a new position in Chipotle Mexican Grill in the first quarter worth approximately $311,000. Teamwork Financial Advisors LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $8,802,000. New Century Financial Group LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $241,000. Oak Harvest Investment Services increased its stake in Chipotle Mexican Grill by 3.7% in the first quarter. Oak Harvest Investment Services now owns 253 shares of the restaurant operator’s stock worth $735,000 after purchasing an additional 9 shares during the period. Finally, First Trust Direct Indexing LP increased its stake in Chipotle Mexican Grill by 14.8% in the first quarter. First Trust Direct Indexing LP now owns 458 shares of the restaurant operator’s stock worth $1,331,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s shares.

Chipotle Mexican Grill Company Profile

(Get a free report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and drinks by offering burritos, burrito bowls, quesadillas, tacos and salads. The company also offers delivery and related services through its app and website. It has offices in the United States, Canada, France, Germany and the United Kingdom.

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