Chipotle Mexican Grill (NYSE:CMG) Shares Up 0.6%

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report)'s stock price was up 0.6% on Monday . The stock traded as high as $2,932.00 and last traded at $2,924.15. Approximately 53,391 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 229,821 shares. The stock had previously closed at $2,905.42.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CMG shares. Piper Sandler lifted their target price on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the company a "neutral" rating in a report on Tuesday, January 16th. Wedbush boosted their price objective on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a "neutral" rating in a report on Friday, March 22nd. Stifel Nicolaus boosted their price objective on shares of Chipotle Mexican Grill from $2,450.00 to $2,560.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. KeyCorp boosted their price objective on shares of Chipotle Mexican Grill from $2,250.00 to $2,750.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. Finally, Morgan Stanley boosted their price objective on shares of Chipotle Mexican Grill from $2,284.00 to $2,500.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 7th. Nine investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $2,614.81.

Chipotle Mexican Grill Stock Performance

The stock's fifty day moving average is $2,707.96 and its two-hundred day moving average is $2,324.41. The firm has a market cap of $80.53 billion, a price-to-earnings ratio of 66.22, a PEG ratio of 2.49 and a beta of 1.28.

Chipotle Mexican Grill's stock is going to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, topping analysts' consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter last year, the company earned $8.29 EPS. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 53.12 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the transaction, the insider now owns 8,563 shares of the company's stock, valued at approximately $25,071,093.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Brian R. Niccol sold 1,996 shares of the firm's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the transaction, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the transaction, the insider now owns 8,563 shares of the company's stock, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,793 shares of company stock valued at $18,321,152. Company insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CMG. Evermay Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.8% during the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator's stock worth $528,000 after purchasing an additional 4 shares during the period. Peloton Wealth Strategists grew its position in Chipotle Mexican Grill by 0.3% during the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator's stock valued at $3,318,000 after purchasing an additional 4 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Chipotle Mexican Grill by 1.3% during the third quarter. Coldstream Capital Management Inc. now owns 382 shares of the restaurant operator's stock valued at $700,000 after purchasing an additional 5 shares in the last quarter. Clearstead Advisors LLC grew its position in Chipotle Mexican Grill by 0.7% during the third quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator's stock valued at $1,416,000 after purchasing an additional 5 shares in the last quarter. Finally, Horizon Bancorp Inc. IN grew its position in Chipotle Mexican Grill by 5.2% during the fourth quarter. Horizon Bancorp Inc. IN now owns 101 shares of the restaurant operator's stock valued at $231,000 after purchasing an additional 5 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.