Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Sells $3,166,010.00 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the completion of the transaction, the director now owns 27,250 shares of the company’s stock, valued at approximately $86,273,772.50. The sale was disclosed in a document filed with the SEC, which is available at this link.

Chipotle Mexican Grill Price Performance

CMG stock opened at $3,206.43 on Tuesday. The firm has a market capitalization of $88.08 billion, a P/E ratio of 68.43, a P/E/G ratio of 2.58 and a beta of 1.28. Chipotle Mexican Grill, Inc. has a 52-week low of $1,768.64 and a 52-week high of $3,241.42. The company’s 50 day simple moving average is $2,835.11 and its 200-day simple moving average is $2,444.44.

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

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, topping the consensus estimate of $11.63 by $1.74. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 55.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently bought and sold shares of the business. Byrne Asset Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 11.8% during the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 4 shares during the period. Evermay Wealth Management LLC lifted its position 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 worth $528,000 after buying an additional 4 shares in the last quarter. Peloton Wealth Strategists grew its holdings in shares of Chipotle Mexican Grill by 0.3% during 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. Hazlett Burt & Watson Inc. grew its holdings in shares of Chipotle Mexican Grill by 19.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after acquiring an additional 4 shares in the last quarter. Finally, Diversified Trust Co increased its stake in shares of Chipotle Mexican Grill by 0.9% in the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CMG. UBS Group lifted their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. BMO Capital Markets increased their price objective on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Argus lifted their target price on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Stephens increased their price target on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,137.12.

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.