Chipotle Mexican Grill (NYSE:CMG) Stock Passes Above 200 Day Moving Average of $2,491.47

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2,491.47 and traded as high as $3,202.02. Chipotle Mexican Grill shares last traded at $3,197.01, with a volume of 199,380 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group increased their price objective on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Stifel Nicolaus raised their price target on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Sanford C. Bernstein increased their target price on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, BTIG Research boosted their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Ten investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $3,137.12.

Chipotle Mexican Grill Stock Performance

The firm has a market capitalization of $87.81 billion, a price-to-earnings ratio of 68.22, a price-to-earnings-growth ratio of 2.53 and a beta of 1.26. The firm’s 50-day moving average price is $2,889.14 and its two-hundred day moving average price is $2,491.47.

Chipotle Mexican Grill’s stock is going to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be payable to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted 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. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 55.08 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the sale, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Scott Boatwright sold 1,100 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total value of $3,509,176.00. Following the completion of the transaction, the chief operating officer now owns 2,412 shares of the company’s stock, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders sold 15,812 shares of company stock worth $48,554,701 in the last quarter. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of CMG. Vanguard Group Inc. raised its position in 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 worth $6,191,334,000 after purchasing an additional 23,151 shares during the last quarter. Capital World Investors boosted its holdings in 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 valued at $2,575,057,000 after acquiring an additional 8,541 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Chipotle Mexican Grill by 1.5% in the third quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock worth $934,147,000 after purchasing an additional 7,677 shares during the period. FMR LLC raised its holdings in Chipotle Mexican Grill by 5.9% during the 3rd quarter. FMR LLC now owns 449,942 shares of the restaurant operator’s stock worth $824,217,000 after purchasing an additional 24,991 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 3.5% during the 3rd quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock valued at $732,552,000 after purchasing an additional 13,482 shares during the period. 91.31% of the stock is owned by institutional investors.

About Chipotle Mexican Grill

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.