Chipotle Mexican Grill, Inc. (NYSE:CMG) Short Interest Down 12.8% in June

Chipotle Mexican Grill, Inc. (NYSE:CMG) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,683,300 shares, a decrease of 12.8% from the May 30th total of 1,929,400 shares. Currently, 6.2% of the company’s stock are sold short. Based on an average trading volume of 540,900 shares, the days-to-cover ratio is presently 3.1 days.

CMG has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, April 25th. BTIG Research raised their price target on shares of ServiceNow to $295.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $64.00 price objective (up previously from $58.00) on shares of Las Vegas Sands in a research report on Thursday, April 18th. Jefferies Financial Group lowered shares of from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Citigroup set a $86.00 price target on shares of Prologis and gave the company a “buy” rating in a research report on Thursday, June 6th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $661.33.

CMG traded up $10.79 during trading on Friday, reaching $750.85. 565,801 shares of the company’s stock were exchanged, compared to its average volume of 622,159. Chipotle Mexican Grill has a fifty-two week low of $383.20 and a fifty-two week high of $754.54. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.44 and a quick ratio of 1.41. The firm has a 50 day moving average of $711.70. The company has a market cap of $20.58 billion, a P/E ratio of 82.88, a P/E/G ratio of 2.98 and a beta of 0.67.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.39. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 19.78%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Chipotle Mexican Grill will post 13.01 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, CTO Curtis E. Garner sold 9,276 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $738.02, for a total transaction of $6,845,873.52. Following the transaction, the chief technology officer now directly owns 15,780 shares in the company, valued at approximately $11,645,955.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Boatwright sold 1,805 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $740.22, for a total transaction of $1,336,097.10. Following the completion of the transaction, the insider now owns 8,869 shares in the company, valued at $6,565,011.18. The disclosure for this sale can be found here. Insiders have sold a total of 91,081 shares of company stock worth $66,273,971 over the last quarter. 2.21% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CMG. Bremer Bank National Association acquired a new stake in Chipotle Mexican Grill during the first quarter worth $33,000. CWM LLC acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $36,000. Horan Capital Advisors LLC. acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $36,000. Motco acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $47,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Chipotle Mexican Grill by 1,780.0% in the 1st quarter. Quadrant Capital Group LLC now owns 94 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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