Laurie Schalow Sells 4,404 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $64.62 on Friday. The business has a 50-day moving average of $60.20 and a 200-day moving average of $80.93. The company has a market capitalization of $88.05 billion, a price-to-earnings ratio of 60.39, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $44.08 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently bought and sold shares of CMG. Shellback Capital LP grew its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after acquiring an additional 122,500 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $3,256,000. Optas LLC grew its stake in Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after purchasing an additional 13,060 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in Chipotle Mexican Grill in the third quarter worth approximately $758,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. Loop Capital lifted their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Piper Sandler upped their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer reissued an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.71.

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.