Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Robin S. Hickenlooper Sells 1,790 Shares

Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The sale 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 $56.12 on Friday. The company has a 50-day simple moving average of $54.30 and a two-hundred day simple moving average of $80.70. The firm has a market capitalization of $76.85 billion, a PE ratio of 59.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $12.65 EPS. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CMG shares. Wedbush reissued an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Guggenheim lifted their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Truist Financial restated a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently modified their holdings of the business. Steph & Co. bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth about $29,000. Semmax Financial Advisors Inc. grew its holdings in Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the period. Crewe Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $44,000. ICA Group Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $58,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.