Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Roger E. Theodoredis Sells 2,509 Shares

Chipotle Mexican Grill, Inc. (NYSE:CMG) insider Roger E. Theodoredis sold 2,509 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total value of $7,939,579.96. Following the transaction, the insider now directly owns 1,085 shares of the company’s stock, valued at $3,433,417.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Chipotle Mexican Grill Trading Up 0.6 %

Chipotle Mexican Grill stock traded up $19.46 during midday trading on Monday, reaching $3,206.43. The stock had a trading volume of 245,789 shares, compared to its average volume of 242,638. The company has a fifty day moving average price of $2,822.95 and a two-hundred day moving average price of $2,434.49. The company has a market capitalization of $88.08 billion, a P/E ratio of 67.97, a PEG ratio of 2.58 and a beta of 1.28. Chipotle Mexican Grill, Inc. has a 12 month low of $1,768.64 and a 12 month high of $3,241.42.

Shares of Chipotle Mexican Grill are going 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 distributed 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 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CMG shares. Deutsche Bank Aktiengesellschaft upped their price objective on Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the company a “buy” rating in a research note on Thursday. Sanford C. Bernstein upped their price objective on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Evercore ISI upped their price objective on Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, KeyCorp lifted their price target on Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an “overweight” rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,137.12.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently made changes to their positions in the business. Steph & Co. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $29,000. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $37,000. ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill in the fourth quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Chipotle Mexican Grill in the third quarter valued at $38,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

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.