Chipotle Mexican Grill (NYSE:CMG) Trading 0.8% Higher

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares rose 0.8% on Friday . The company traded as high as $738.66 and last traded at $738.06. Approximately 11,442 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 582,139 shares. The stock had previously closed at $732.29.

CMG has been the subject of several research analyst reports. Cowen reiterated a “market perform” rating and set a $660.00 target price (up previously from $640.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Piper Jaffray Companies lifted their target price on Chipotle Mexican Grill from $661.00 to $725.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. BTIG Research boosted their target price on Chipotle Mexican Grill from $620.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Loop Capital boosted their price target on Chipotle Mexican Grill to $780.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, SunTrust Banks boosted their price objective on Chipotle Mexican Grill to $780.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus target price of $648.66.

The company has a market capitalization of $20.30 billion, a P/E ratio of 81.55, a price-to-earnings-growth ratio of 2.96 and a beta of 0.63. 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 issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.01 by $0.39. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. Chipotle Mexican Grill’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 13 EPS for the current year.

In other news, CFO Jack Hartung sold 1,470 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $680.00, for a total value of $999,600.00. Following the sale, the chief financial officer now directly owns 38,002 shares of the company’s stock, valued at $25,841,360. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 7,751 shares of company stock worth $5,112,797. 2.21% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CMG. Comerica Securities Inc. grew its holdings in Chipotle Mexican Grill by 2.6% during the 4th quarter. Comerica Securities Inc. now owns 677 shares of the restaurant operator’s stock valued at $292,000 after buying an additional 17 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Chipotle Mexican Grill by 4.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 458 shares of the restaurant operator’s stock worth $325,000 after buying an additional 18 shares during the last quarter. Bessemer Group Inc. grew its stake in Chipotle Mexican Grill by 4.9% during the 4th quarter. Bessemer Group Inc. now owns 447 shares of the restaurant operator’s stock worth $193,000 after buying an additional 21 shares during the last quarter. Pinebridge Investments L.P. grew its stake in Chipotle Mexican Grill by 0.4% during the 1st quarter. Pinebridge Investments L.P. now owns 5,282 shares of the restaurant operator’s stock valued at $3,752,000 after purchasing an additional 21 shares during the last quarter. Finally, Mason Street Advisors LLC grew its stake in Chipotle Mexican Grill by 0.7% during the 1st quarter. Mason Street Advisors LLC now owns 3,472 shares of the restaurant operator’s stock valued at $2,466,000 after purchasing an additional 25 shares during the last quarter. 95.08% 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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