Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report)'s share price dropped 1.1% on Friday . The stock traded as low as $57.40 and last traded at $57.40. Approximately 1,644,025 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 14,558,929 shares. The stock had previously closed at $58.05.
Several analysts have commented on CMG shares. The Goldman Sachs Group dropped their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Argus upped their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a "buy" rating in a research report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Monday, June 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $62.36.
Get Our Latest Report on CMG
The firm has a market capitalization of $78.14 billion, a price-to-earnings ratio of 61.25, a PEG ratio of 2.43 and a beta of 1.25. The company has a 50-day moving average price of $54.45 and a 200-day moving average price of $80.96.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company posted $12.65 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.
In related news, insider Curtis E. Garner sold 17,394 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares of the company's stock, valued at approximately $26,052,740.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock valued at $1,918,589 over the last ninety days. Insiders own 1.02% of the company's stock.
A number of institutional investors have recently added to or reduced their stakes in CMG. Swedbank AB purchased a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $53,979,000. Transform Wealth LLC increased its position in shares of Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator's stock valued at $597,000 after buying an additional 9,331 shares in the last quarter. First Hawaiian Bank boosted its position in shares of Chipotle Mexican Grill by 4,731.0% in the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator's stock worth $1,074,000 after buying an additional 16,795 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 4,747.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator's stock worth $1,279,000 after buying an additional 19,988 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its stake in Chipotle Mexican Grill by 5,588.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator's stock valued at $802,000 after acquiring an additional 12,573 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.
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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