Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) CEO Brian R. Niccol sold 2,193 shares of the business's stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $1,633.11, for a total transaction of $3,581,410.23. Following the completion of the sale, the chief executive officer now owns 23,347 shares in the company, valued at approximately $38,128,219.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Chipotle Mexican Grill Price Performance
Shares of CMG stock opened at $1,583.89 on Monday. The company has a market capitalization of $43.91 billion, a P/E ratio of 49.40, a P/E/G ratio of 1.46 and a beta of 1.28. The company's 50-day simple moving average is $1,515.90 and its two-hundred day simple moving average is $1,551.59. Chipotle Mexican Grill, Inc. has a one year low of $1,196.28 and a one year high of $1,754.56.
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Chipotle Mexican Grill (NYSE:CMG – Get Rating) last issued its earnings results on Tuesday, February 7th. The restaurant operator reported $8.29 EPS for the quarter, missing analysts' consensus estimates of $8.88 by ($0.59). Chipotle Mexican Grill had a return on equity of 40.96% and a net margin of 10.41%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company earned $5.58 earnings per share. Chipotle Mexican Grill's revenue was up 11.2% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 41.7 EPS for the current fiscal year.
Institutional Investors Weigh In On Chipotle Mexican Grill
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Chipotle Mexican Grill by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,620,725 shares of the restaurant operator's stock worth $3,938,320,000 after purchasing an additional 114,699 shares during the period. BlackRock Inc. lifted its position in shares of Chipotle Mexican Grill by 1.2% in the 3rd quarter. BlackRock Inc. now owns 1,966,428 shares of the restaurant operator's stock worth $2,955,068,000 after purchasing an additional 23,107 shares during the period. State Street Corp lifted its position in shares of Chipotle Mexican Grill by 0.5% in the 3rd quarter. State Street Corp now owns 1,058,549 shares of the restaurant operator's stock worth $1,590,745,000 after purchasing an additional 5,450 shares during the period. Jennison Associates LLC lifted its position in shares of Chipotle Mexican Grill by 0.7% in the 3rd quarter. Jennison Associates LLC now owns 542,847 shares of the restaurant operator's stock worth $815,769,000 after purchasing an additional 3,709 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in shares of Chipotle Mexican Grill by 0.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 507,232 shares of the restaurant operator's stock worth $703,779,000 after purchasing an additional 2,012 shares during the period. Hedge funds and other institutional investors own 93.26% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Morgan Stanley downgraded shares of Chipotle Mexican Grill from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $1,847.00 to $1,664.00 in a report on Tuesday, January 17th. Stephens restated an "overweight" rating and issued a $1,760.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 8th. Royal Bank of Canada reduced their target price on shares of Chipotle Mexican Grill from $1,900.00 to $1,850.00 in a report on Wednesday, February 8th. StockNews.com downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Wednesday, January 25th. Finally, Wedbush boosted their target price on shares of Chipotle Mexican Grill from $1,800.00 to $2,080.00 and gave the stock an "outperform" rating in a report on Wednesday, February 8th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,872.68.
Chipotle Mexican Grill Company Profile
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Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
Further Reading
- Get a free copy of the StockNews.com research report on Chipotle Mexican Grill (CMG)
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