Chipotle Mexican Grill (NYSE:CMG) Shares Scheduled to Split on Wednesday, June 26th

Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report)’s stock is set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill Price Performance

CMG stock opened at $3,169.02 on Monday. Chipotle Mexican Grill has a 1 year low of $1,768.64 and a 1 year high of $3,260.00. The stock has a market cap of $87.04 billion, a price-to-earnings ratio of 67.63, a P/E/G ratio of 2.52 and a beta of 1.25. The company has a 50 day simple moving average of $3,072.05 and a 200 day simple moving average of $2,681.62.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. On average, equities research analysts anticipate that Chipotle Mexican Grill will post 55.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CMG. Piper Sandler increased their price target on Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. BMO Capital Markets raised their price target 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. Oppenheimer upped their price target on Chipotle Mexican Grill from $3,300.00 to $3,485.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Morgan Stanley boosted their price objective on Chipotle Mexican Grill from $2,986.00 to $3,100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,156.92.

Check Out Our Latest Analysis on CMG

Insider Activity

In other Chipotle Mexican Grill news, COO Scott Boatwright sold 1,100 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 2,412 shares in the company, valued at approximately $7,694,665.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chipotle Mexican Grill news, COO Scott Boatwright sold 1,100 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 2,412 shares in the company, valued at $7,694,665.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Albert S. Baldocchi sold 1,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total transaction of $3,166,010.00. Following the completion of the transaction, the director now directly owns 27,250 shares of the company’s stock, valued at $86,273,772.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,164 shares of company stock valued at $44,243,538. 1.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Steph & Co. acquired a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $29,000. Semmax Financial Advisors Inc. boosted its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 9 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $32,000. Crewe Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $44,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $37,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

(Get Free Report)

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.

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