Chipotle Mexican Grill (NYSE:CMG) Shares Down 1.5%

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report)'s share price was down 1.5% during mid-day trading on Tuesday . The stock traded as low as $2,879.00 and last traded at $2,887.88. Approximately 64,682 shares changed hands during trading, a decline of 72% from the average daily volume of 229,753 shares. The stock had previously closed at $2,931.53.

Analyst Ratings Changes

Several research analysts have issued reports on CMG shares. Stephens increased their price objective on Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. Sanford C. Bernstein increased their price objective on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft increased their price objective on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Argus increased their price objective on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a "buy" rating in a research note on Thursday, April 4th. Finally, TD Cowen raised their target price on Chipotle Mexican Grill from $2,650.00 to $2,900.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,633.33.

Chipotle Mexican Grill Stock Down 0.3 %

The stock has a market cap of $80.17 billion, a P/E ratio of 65.93, a PEG ratio of 2.49 and a beta of 1.28. The stock has a fifty day simple moving average of $2,718.05 and a 200-day simple moving average of $2,331.79.

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

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

Insider Activity

In other news, insider Roger E. Theodoredis sold 898 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Roger E. Theodoredis sold 898 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Albert S. Baldocchi sold 750 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the sale, the director now owns 37,271 shares in the company, valued at approximately $97,221,776.21. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock worth $18,321,152 in the last 90 days. Corporate insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors have recently bought and sold shares of the company. Evermay Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator's stock valued at $528,000 after acquiring an additional 4 shares in the last quarter. Peloton Wealth Strategists lifted its stake in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator's stock valued at $3,318,000 after acquiring an additional 4 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Chipotle Mexican Grill by 1.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 382 shares of the restaurant operator's stock valued at $700,000 after acquiring an additional 5 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Chipotle Mexican Grill by 0.7% in the 3rd quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator's stock valued at $1,416,000 after acquiring an additional 5 shares in the last quarter. Finally, Horizon Bancorp Inc. IN lifted its stake in Chipotle Mexican Grill by 5.2% in the 4th quarter. Horizon Bancorp Inc. IN now owns 101 shares of the restaurant operator's stock valued at $231,000 after acquiring an additional 5 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

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.