Chipotle Mexican Grill (NYSE:CMG) Reaches New 52-Week Low - Time to Sell?

Key Points

• Chipotle Mexican Grill shares hit a new 52-week low at $42.25, closing at $42.63 with a volume of over 2.1 million shares traded.
• Analysts have downgraded the stock, with Argus moving from a "buy" to a "hold" rating, while the consensus rating remains a "Moderate Buy" with a price target of $60.71.
• Insider trading activity was noted, with a significant sell-off by insider Roger E. Theodoredis, reducing their share ownership by 50.91%.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $42.25 and last traded at $42.63, with a volume of 2146315 shares trading hands. The stock had previously closed at $42.52.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMG. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Stephens restated an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Piper Sandler increased their price objective on shares of Chipotle Mexican Grill from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Barclays decreased their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Finally, Melius assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Chipotle Mexican Grill Trading Up 0.4%

The firm has a market cap of $57.24 billion, a PE ratio of 38.08, a PEG ratio of 2.16 and a beta of 1.05. The firm has a 50 day moving average price of $52.00 and a 200-day moving average price of $52.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.02% of the company's stock.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors have recently bought and sold shares of CMG. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $7,773,000. LPL Financial LLC raised its holdings in Chipotle Mexican Grill by 4.3% during the first quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator's stock worth $64,086,000 after purchasing an additional 52,937 shares in the last quarter. Valicenti Advisory Services Inc. acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $3,317,000. Jefferies Financial Group Inc. lifted its position in shares of Chipotle Mexican Grill by 525.5% during the 1st quarter. Jefferies Financial Group Inc. now owns 102,236 shares of the restaurant operator's stock worth $5,133,000 after buying an additional 85,892 shares during the last quarter. Finally, Interval Partners LP acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $51,811,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.

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