Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Laurie Schalow Sells 4,404 Shares

Chipotle Mexican Grill, Inc. (NYSE:CMG) insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Chipotle Mexican Grill Stock Down 2.3 %

CMG opened at $64.62 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.08 and a twelve month high of $69.26. The company’s 50-day moving average price is $60.20 and its two-hundred day moving average price is $80.93. The stock has a market cap of $88.05 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. RiverPark Advisors LLC raised its stake in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $27,000. Finally, MCF Advisors LLC boosted its holdings in Chipotle Mexican Grill by 5,525.0% in the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after buying an additional 442 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday. Robert W. Baird lifted their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Stephens reiterated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $65.71.

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.