Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Sells $3,509,176.00 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Scott Boatwright sold 1,100 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,190.16, for a total value of $3,509,176.00. Following the completion of the sale, the chief operating officer now directly owns 2,412 shares of the company’s stock, valued at approximately $7,694,665.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Chipotle Mexican Grill Trading Up 0.6 %

Shares of NYSE CMG traded up $19.46 during trading hours on Monday, reaching $3,206.43. The stock had a trading volume of 245,789 shares, compared to its average volume of 242,638. The firm has a market cap of $88.08 billion, a price-to-earnings ratio of 67.97, a P/E/G ratio of 2.58 and a beta of 1.28. The business’s fifty day moving average price is $2,822.95 and its two-hundred day moving average price is $2,434.49. Chipotle Mexican Grill, Inc. has a 52-week low of $1,768.64 and a 52-week high of $3,241.42.

Chipotle Mexican Grill shares are going to split before the market opens on 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:CMG) last announced its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently bought and sold shares of the stock. Steph & Co. purchased a new stake in Chipotle Mexican Grill during the first quarter worth $29,000. Fortitude Family Office LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $37,000. ICA Group Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CMG. Evercore ISI lifted their price objective on Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays lifted their target price on Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the company an “equal weight” rating in a research report on Thursday. Piper Sandler boosted their price objective on Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Stephens boosted their price objective on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a research report on Thursday. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3,137.12.

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.