Chipotle Mexican Grill, Inc. (NYSE:CMG) was down 6.2% on Tuesday . The company traded as low as $779.78 and last traded at $787.98, approximately 1,127,825 shares changed hands during trading. An increase of 92% from the average daily volume of 588,720 shares. The stock had previously closed at $839.65.

A number of brokerages have recently commented on CMG. Citigroup boosted their price target on Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. BTIG Research upped their price target on Chipotle Mexican Grill from $790.00 to $845.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Mizuho raised their price objective on Chipotle Mexican Grill from $420.00 to $500.00 and gave the company an “underperform” rating in a research report on Wednesday, July 24th. BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $620.00 to $640.00 and gave the company an “underperform” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus raised Chipotle Mexican Grill to a “hold” rating and set a $755.00 target price on the stock in a report on Wednesday, July 24th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $709.58.

The firm has a fifty day moving average of $811.02 and a 200 day moving average of $723.40. The company has a market capitalization of $23.19 billion, a P/E ratio of 86.97, a P/E/G ratio of 3.34 and a beta of 0.71. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.68 by $0.31. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.87 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.33 EPS for the current fiscal year.

In other news, CTO Curtis E. Garner sold 1,253 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $835.92, for a total value of $1,047,407.76. Following the transaction, the chief technology officer now directly owns 7,280 shares in the company, valued at approximately $6,085,497.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Albert S. Baldocchi sold 1,164 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $775.00, for a total value of $902,100.00. Following the completion of the transaction, the director now owns 72,756 shares in the company, valued at $56,385,900. The disclosure for this sale can be found here. Insiders sold 168,976 shares of company stock valued at $128,903,363 over the last quarter. Company insiders own 2.21% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Commonwealth Bank of Australia grew its stake in shares of Chipotle Mexican Grill by 77.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Bremer Bank National Association purchased a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $33,000. FNY Investment Advisers LLC bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $36,000. Griffin Asset Management Inc. bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $41,000. Finally, Liberty Wealth Management LLC raised its position in Chipotle Mexican Grill by 123.1% in the second quarter. Liberty Wealth Management LLC now owns 87 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 48 shares during the period. Institutional investors own 92.04% of the company’s stock.

Chipotle Mexican Grill Company Profile (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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