Insider Selling: Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Sells $3,509,176.00 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Scott Boatwright sold 1,100 shares of the firm’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 sale, the chief operating officer now owns 2,412 shares in the company, valued at approximately $7,694,665.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $3,138.66 on Thursday. The company has a market capitalization of $86.21 billion, a price-to-earnings ratio of 66.98, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28. The business’s 50 day moving average price is $2,857.95 and its two-hundred day moving average price is $2,458.91. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,241.42.

Chipotle Mexican Grill shares are scheduled 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 closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping the consensus estimate of $11.63 by $1.74. The company had revenue of $2.70 billion for 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%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI raised their price target on Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Stephens boosted their price target on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Citigroup boosted their price target on Chipotle Mexican Grill from $3,358.00 to $3,369.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Oppenheimer restated an “outperform” rating and set a $3,300.00 price target (up previously from $2,825.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. Finally, BTIG Research boosted their price target on 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 analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $3,137.12.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steph & Co. purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. Fortitude Family Office LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $32,000. Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $37,000. ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $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.