Traders Sell Chipotle Mexican Grill (CMG) on Strength (CMG)

Investors sold shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) on strength during trading hours on Friday. $179.08 million flowed into the stock on the tick-up and $213.73 million flowed out of the stock on the tick-down, for a money net flow of $34.65 million out of the stock. Of all stocks tracked, Chipotle Mexican Grill had the 0th highest net out-flow for the day. Chipotle Mexican Grill traded up $14.50 for the day and closed at $438.38

Several analysts recently weighed in on CMG shares. Piper Jaffray Companies set a $550.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Monday, October 22nd. Wells Fargo & Co lifted their target price on shares of Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a report on Friday. Gordon Haskett started coverage on shares of Chipotle Mexican Grill in a report on Thursday, October 18th. They issued an “underperform” rating and a $385.00 target price for the company. William Blair reiterated a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, August 1st. Finally, Wedbush downgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $450.00 to $445.00 in a report on Monday, August 27th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $433.16.

The stock has a market cap of $11.79 billion, a P/E ratio of 66.42, a P/E/G ratio of 2.79 and a beta of 0.44.



Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.34%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.52 EPS for the current year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total value of $401,213,632.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.19% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of Chipotle Mexican Grill by 636.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 210 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $119,000. Dupont Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $123,000. Bessemer Group Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $184,000. Finally, First Hawaiian Bank purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $202,000. 88.23% of the stock is owned by institutional investors and hedge funds.

About Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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