Chipotle Mexican Grill (CMG) Trading Down 5.5%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded down 5.5% during mid-day trading on Thursday . The stock traded as low as $656.14 and last traded at $667.12. 1,479,249 shares were traded during trading, an increase of 138% from the average session volume of 622,145 shares. The stock had previously closed at $706.04.

Several equities analysts have issued reports on the company. Zacks Investment Research cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Piper Jaffray Companies boosted their target price on Chipotle Mexican Grill from $760.00 to $783.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Jefferies Financial Group cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating and boosted their target price for the stock from $600.00 to $700.00 in a research report on Thursday, April 11th. Maxim Group boosted their target price on Chipotle Mexican Grill from $540.00 to $620.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, Oppenheimer boosted their target price on Chipotle Mexican Grill from $400.00 to $525.00 and gave the stock an “underperform” rating in a research report on Thursday, April 25th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $641.82.

The company has a market capitalization of $18.36 billion, a P/E ratio of 73.13, a P/E/G ratio of 2.87 and a beta of 0.64. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.44 and a quick ratio of 1.41.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.39. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company earned $2.13 EPS. Chipotle Mexican Grill’s revenue was up 13.9% on a year-over-year basis. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 13 earnings per share for the current year.

In related news, CFO Jack Hartung sold 1,188 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $680.00, for a total value of $807,840.00. Following the sale, the chief financial officer now owns 37,472 shares of the company’s stock, valued at approximately $25,480,960. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 12,658 shares of company stock worth $8,180,702. 2.21% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CMG. Bremer Bank National Association purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $33,000. CWM LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $36,000. Horan Capital Advisors LLC. purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $36,000. Bruderman Asset Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $39,000. Finally, Motco purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $47,000. 91.26% of the stock is currently owned by hedge funds and other institutional investors.

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About Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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