Insider Selling: Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Sells 2,509 Shares of Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) insider Roger E. Theodoredis sold 2,509 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total value of $7,939,579.96. Following the sale, the insider now owns 1,085 shares in the company, valued at approximately $3,433,417.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chipotle Mexican Grill Stock Up 0.6 %

Shares of Chipotle Mexican Grill stock traded up $19.46 on Monday, hitting $3,206.43. 245,789 shares of the company’s stock traded hands, compared to its average volume of 242,638. The stock has a market cap of $88.08 billion, a P/E ratio of 67.97, a PEG ratio of 2.58 and a beta of 1.28. The firm’s 50-day moving average is $2,822.95 and its 200 day moving average 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.

Shares of Chipotle Mexican Grill are set to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. The company had revenue of $2.70 billion for 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 forecast that Chipotle Mexican Grill, Inc. will post 55.08 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. DAVENPORT & Co LLC boosted its stake in Chipotle Mexican Grill by 9.4% during the third quarter. DAVENPORT & Co LLC now owns 291 shares of the restaurant operator’s stock valued at $533,000 after buying an additional 25 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Chipotle Mexican Grill by 17.1% during the third quarter. Valeo Financial Advisors LLC now owns 212 shares of the restaurant operator’s stock valued at $388,000 after buying an additional 31 shares in the last quarter. Deltec Asset Management LLC boosted its stake in Chipotle Mexican Grill by 250.0% during the third quarter. Deltec Asset Management LLC now owns 350 shares of the restaurant operator’s stock valued at $641,000 after buying an additional 250 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Chipotle Mexican Grill by 9.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,515 shares of the restaurant operator’s stock valued at $6,439,000 after buying an additional 302 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at about $1,220,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMG. Stifel Nicolaus upped their target price on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a report on Thursday, April 11th. UBS Group lifted their target price on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and issued a $3,300.00 target price (up from $2,825.00) on shares of Chipotle Mexican Grill in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the company a “neutral” rating in a report on Thursday. Finally, BTIG Research lifted their price objective on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the company a “buy” rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3,137.12.

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.