Insider Selling: Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Sells 17,394 Shares of Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) insider Curtis E. Garner sold 17,394 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company's stock, valued at approximately $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Chipotle Mexican Grill Stock Performance

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NYSE CMG traded down $0.45 during mid-day trading on Wednesday, reaching $53.63. 11,161,722 shares of the stock were exchanged, compared to its average volume of 14,444,643. The stock has a market capitalization of $73.65 billion, a PE ratio of 58.46, a PEG ratio of 2.23 and a beta of 1.24. The business's fifty day simple moving average is $123.93 and its 200 day simple moving average is $80.35. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26.

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 for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned $12.65 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

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A number of hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Riverview Trust Co raised its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 392 shares during the period. RiverPark Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CMG shares. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a "neutral" rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Chipotle Mexican Grill from $72.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group increased their price target on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the stock a "hold" rating in a report on Tuesday, April 16th. Wedbush cut their price target on shares of Chipotle Mexican Grill from $64.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, July 25th. Finally, UBS Group increased their price target on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.

• Conviction Firms For Chipotle Stock's 25% Share Price Increase

Read Our Latest Stock Analysis on Chipotle Mexican Grill

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.

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