Chipotle Mexican Grill (NYSE:CMG) Trading Down 0.3%

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) were down 0.3% during mid-day trading on Tuesday . The company traded as low as $2,924.00 and last traded at $2,926.50. Approximately 38,965 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 230,590 shares. The stock had previously closed at $2,936.63.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CMG shares. 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 report on Wednesday, March 20th. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the company a "market perform" rating in a research report on Wednesday, February 7th. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the company a "hold" rating in a research report on Tuesday. Morgan Stanley raised their price target on Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Barclays raised their price target on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $2,719.86.

Chipotle Mexican Grill Stock Performance

The firm has a market capitalization of $80.67 billion, a P/E ratio of 65.99, a PEG ratio of 2.53 and a beta of 1.28. The firm has a 50-day moving average of $2,759.02 and a 200-day moving average of $2,363.48.

Chipotle Mexican Grill shares are going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.63. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.49 billion. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The company's revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.29 EPS. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 53.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Christopher W. Brandt sold 3,149 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the transaction, the insider now directly owns 8,563 shares of the company's stock, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Christopher W. Brandt sold 3,149 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. 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 company's stock in a transaction on Wednesday, February 14th. The stock was 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 of the company's stock, valued at $97,221,776.21. The disclosure for this sale can be found here. Insiders have sold 6,793 shares of company stock valued at $18,321,152 in the last ninety days. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Evermay Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator's stock worth $528,000 after purchasing an additional 4 shares in the last quarter. Peloton Wealth Strategists increased 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 worth $3,318,000 after buying an additional 4 shares in the last quarter. Coldstream Capital Management Inc. increased 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 worth $700,000 after buying an additional 5 shares in the last quarter. Clearstead Advisors LLC increased 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 worth $1,416,000 after buying an additional 5 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased 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 worth $231,000 after buying an additional 5 shares in the last quarter. 91.31% of the stock is currently 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.