Insider Selling: Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Sells 3,149 Shares of Stock

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report) insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $2,882.07 on Friday. The business has a fifty day moving average of $2,567.39 and a 200 day moving average of $2,238.09. The firm has a market capitalization of $79.03 billion, a P/E ratio of 64.98, a PEG ratio of 2.50 and a beta of 1.29. Chipotle Mexican Grill, Inc. has a one year low of $1,609.13 and a one year high of $3,023.98.

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

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.63. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. Chipotle Mexican Grill’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.29 earnings per share. Analysts expect that Chipotle Mexican Grill, Inc. will post 53.11 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $32,000. Coppell Advisory Solutions LLC purchased a new position in shares of Chipotle Mexican Grill during the second quarter valued at about $32,000. IMA Wealth Inc. grew its holdings in Chipotle Mexican Grill by 185.7% during the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 13 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $37,000. Finally, ICA Group Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $37,000. 91.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMG. BTIG Research boosted their target price on Chipotle Mexican Grill from $2,650.00 to $2,750.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Raymond James upped their price target on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Piper Sandler upped their price target on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a “neutral” rating in a report on Tuesday, January 16th. Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Finally, TD Cowen upped their price target on Chipotle Mexican Grill from $2,650.00 to $2,900.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $2,522.77.

Read Our Latest Analysis on CMG

Chipotle Mexican Grill Company Profile

(Get Free Report)

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

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Insider Buying and Selling by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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