Chipotle Mexican Grill (NYSE:CMG) Trading 0.1% Higher

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price rose 0.1% during mid-day trading on Friday . The stock traded as high as $56.23 and last traded at $55.70. Approximately 1,924,799 shares were traded during trading, a decline of 87% from the average daily volume of 15,008,936 shares. The stock had previously closed at $55.63.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Stephens reissued an “equal weight” rating and issued a $61.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. StockNews.com lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Guggenheim increased their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Trading Up 0.8 %

The stock has a market cap of $77.02 billion, a P/E ratio of 59.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The business’s 50 day moving average price is $120.35 and its two-hundred day moving average price is $80.54.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $12.65 EPS. The business’s revenue was up 18.2% on a year-over-year basis. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Chipotle Mexican Grill during the 2nd quarter valued at approximately $25,000. Riverview Trust Co grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares in the last quarter. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at $25,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

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.