Scott Boatwright Sells 1,100 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Scott Boatwright sold 1,100 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total transaction of $3,509,176.00. Following the completion of the transaction, the chief operating officer now directly owns 2,412 shares in the company, valued at $7,694,665.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Chipotle Mexican Grill Trading Down 1.7 %

CMG stock opened at $3,156.12 on Wednesday. The firm has a 50 day moving average of $2,846.57 and a 200-day moving average of $2,454.12. Chipotle Mexican Grill, Inc. has a 12 month low of $1,768.64 and a 12 month high of $3,241.42. The firm has a market capitalization of $86.70 billion, a P/E ratio of 67.35, a price-to-earnings-growth ratio of 2.58 and a beta of 1.28.

Chipotle Mexican Grill’s stock is set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 55.08 EPS for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds have recently bought and sold shares of the stock. Steph & Co. bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $29,000. Fortitude Family Office LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $32,000. Turtle Creek Wealth Advisors LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. ICA Group Wealth Management LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. Finally, Keener Financial Planning LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $43,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMG shares. BTIG Research increased their target price on shares of 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. Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Argus increased their target price on shares of Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a “buy” rating in a report on Thursday, April 4th. KeyCorp increased their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets raised their price objective on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,137.12.

About Chipotle Mexican Grill

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.