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 the business’s stock in a transaction dated 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 transaction, the director now directly owns 27,250 shares in the company, valued at approximately $86,273,772.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $19.46 during trading hours on Monday, hitting $3,206.43. The stock had a trading volume of 245,789 shares, compared to its average volume of 242,638. The firm has a market capitalization of $88.08 billion, a PE ratio of 67.97, a PEG ratio of 2.58 and a beta of 1.28. Chipotle Mexican Grill, Inc. has a twelve month low of $1,768.64 and a twelve month high of $3,241.42. The stock’s 50 day moving average is $2,822.95 and its 200 day moving average is $2,434.49.

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 issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds have recently modified their holdings of CMG. Evermay Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares during the period. Peloton Wealth Strategists lifted its holdings in Chipotle Mexican Grill by 0.3% in the fourth 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 during the period. Diversified Trust Co lifted its holdings in Chipotle Mexican Grill by 0.9% in the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares during the period. Valley National Advisers Inc. lifted its holdings in Chipotle Mexican Grill by 9.8% in the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after acquiring an additional 4 shares during the period. Finally, Byrne Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 11.8% in the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 4 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMG. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $3,358.00 to $3,369.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James reaffirmed an “outperform” rating and issued a $3,340.00 target price (up previously from $3,300.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Barclays upped their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the company an “equal weight” rating in a research report on Thursday. Morgan Stanley upped their target price on shares of Chipotle Mexican Grill from $2,986.00 to $3,100.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Thursday. Ten 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 stock has an average rating of “Moderate Buy” and an average target price of $3,137.12.

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.