Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Brian R. Niccol Sells 3,810 Shares

Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Brian R. Niccol sold 3,810 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $798.91, for a total transaction of $3,043,847.10. Following the completion of the sale, the chief executive officer now directly owns 26,634 shares in the company, valued at approximately $21,278,168.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NYSE:CMG traded down $13.71 during trading hours on Friday, hitting $805.44. 354,491 shares of the company’s stock traded hands, compared to its average volume of 440,063. Chipotle Mexican Grill, Inc. has a 52 week low of $383.20 and a 52 week high of $831.59. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52. The company’s fifty day simple moving average is $781.18 and its two-hundred day simple moving average is $701.29. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 88.90, a price-to-earnings-growth ratio of 3.29 and a beta of 0.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 EPS for the quarter, topping the consensus estimate of $3.68 by $0.31. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company posted $2.87 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.26 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter worth about $347,000. MML Investors Services LLC boosted its holdings in shares of Chipotle Mexican Grill by 29.5% in the first quarter. MML Investors Services LLC now owns 1,092 shares of the restaurant operator’s stock worth $776,000 after buying an additional 249 shares during the period. Columbus Circle Investors boosted its holdings in shares of Chipotle Mexican Grill by 10.5% in the first quarter. Columbus Circle Investors now owns 90,220 shares of the restaurant operator’s stock worth $64,084,000 after buying an additional 8,573 shares during the period. FMR LLC boosted its holdings in shares of Chipotle Mexican Grill by 88.7% in the first quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock worth $812,301,000 after buying an additional 537,677 shares during the period. Finally, Gulf International Bank UK Ltd boosted its holdings in shares of Chipotle Mexican Grill by 6.0% in the second quarter. Gulf International Bank UK Ltd now owns 6,460 shares of the restaurant operator’s stock worth $4,734,000 after buying an additional 367 shares during the period. Institutional investors own 98.12% of the company’s stock.

A number of research firms recently weighed in on CMG. Piper Jaffray Companies increased their price objective on shares of Chipotle Mexican Grill from $824.00 to $900.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Citigroup raised their target price on shares of Chipotle Mexican Grill from $695.00 to $797.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Mizuho raised their target price on shares of Chipotle Mexican Grill from $420.00 to $500.00 and gave the company an “underperform” rating in a research note on Wednesday, July 24th. BTIG Research raised their target price on shares of Chipotle Mexican Grill from $790.00 to $845.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, UBS Group set a $797.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday, May 8th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $700.26.

About Chipotle Mexican Grill

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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Insider Buying and Selling by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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