Chipotle Mexican Grill (NYSE:CMG) Shares Down 0.7% – Here’s Why

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded down 0.7% on Monday . The company traded as low as $58.31 and last traded at $58.42. 3,298,661 shares were traded during trading, a decline of 76% from the average session volume of 13,881,207 shares. The stock had previously closed at $58.81.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMG shares. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Raymond James decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird raised their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler upped their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Trading Down 2.0 %

The firm has a 50 day moving average of $57.66 and a two-hundred day moving average of $81.40. The company has a market cap of $80.75 billion, a PE ratio of 55.52, a P/E/G ratio of 2.44 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently modified their holdings of the company. Semmax Financial Advisors Inc. boosted its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 9 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $44,000. LRI Investments LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $168,000. Pacific Center for Financial Services increased its stake in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after acquiring an additional 4 shares during the period. Finally, Nwam LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $220,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

About Chipotle Mexican Grill

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.