Insider Selling: Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Sells 1,100 Shares of Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Scott Boatwright sold 1,100 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total transaction of $3,509,176.00. Following the completion of the sale, the chief operating officer now owns 2,412 shares of the company’s stock, valued at approximately $7,694,665.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Chipotle Mexican Grill Trading Up 0.6 %

NYSE:CMG opened at $3,206.43 on Tuesday. The stock has a market capitalization of $88.08 billion, a PE ratio of 68.43, a P/E/G ratio of 2.58 and a beta of 1.28. Chipotle Mexican Grill, Inc. has a 1-year low of $1,768.64 and a 1-year high of $3,241.42. The firm has a fifty day simple moving average of $2,835.11 and a 200 day simple moving average of $2,444.44.

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

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping the consensus estimate of $11.63 by $1.74. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. increased 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 worth $73,000 after acquiring an additional 4 shares during the last quarter. Stock Yards Bank & Trust Co. bought a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $267,000. Commonwealth Equity Services LLC boosted its stake in Chipotle Mexican Grill by 9.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,970 shares of the restaurant operator’s stock valued at $31,889,000 after purchasing an additional 980 shares during the period. FAS Wealth Partners Inc. acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $247,000. Finally, Greenleaf Trust boosted its position in shares of Chipotle Mexican Grill by 1.9% in the first quarter. Greenleaf Trust now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 9 shares during the period. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CMG shares. Robert W. Baird boosted their target price on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Stifel Nicolaus boosted their price objective on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,440.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Wells Fargo & Company upped their price target on shares of Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Piper Sandler increased their price objective on shares of Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.