Chipotle Mexican Grill (NYSE:CMG) Shares Down 0.5%

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) fell 0.5% during mid-day trading on Friday . The company traded as low as $2,966.83 and last traded at $2,975.02. 64,646 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 230,987 shares. The stock had previously closed at $2,990.69.

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. Raymond James boosted their price objective on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. BTIG Research upped their target price on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Sanford C. Bernstein boosted their price objective on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. UBS Group increased their target price on shares of Chipotle Mexican Grill from $2,900.00 to $3,400.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Morgan Stanley upped their target price on Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an "equal weight" rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $2,720.59.

Chipotle Mexican Grill Stock Performance

The stock has a 50-day moving average of $2,740.18 and a 200 day moving average of $2,340.77. The firm has a market capitalization of $81.11 billion, a P/E ratio of 66.69, a price-to-earnings-growth ratio of 2.54 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 issued shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results 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 company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $8.29 earnings per share. The company's revenue was up 15.4% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 53.12 EPS for the current year.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 898 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the transaction, the insider now owns 1,529 shares in the company, valued at $4,009,420.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger E. Theodoredis sold 898 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the transaction, the insider now owns 1,529 shares in the company, valued at $4,009,420.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,793 shares of company stock valued at $18,321,152. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds have recently added to or reduced their stakes in CMG. Vanguard Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator's stock valued at $6,191,334,000 after buying an additional 23,151 shares during the period. Capital World Investors increased its holdings in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator's stock worth $2,575,057,000 after acquiring an additional 8,541 shares in the last quarter. State Street Corp raised its position in shares of Chipotle Mexican Grill by 0.5% during the first quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator's stock worth $1,781,678,000 after purchasing an additional 5,358 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator's stock valued at $963,779,000 after purchasing an additional 9,520 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of Chipotle Mexican Grill by 1.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator's stock valued at $934,147,000 after purchasing an additional 7,677 shares during the period. Institutional investors and hedge funds 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.