Chipotle Mexican Grill (NYSE:CMG) Trading Up 3.3%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price was up 3.3% during trading on Wednesday . The stock traded as high as $53.72 and last traded at $53.65. Approximately 4,244,095 shares changed hands during trading, a decline of 72% from the average daily volume of 15,138,865 shares. The stock had previously closed at $51.94.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMG shares. TD Cowen lowered their price objective on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Wells Fargo & Company raised their price objective on Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. StockNews.com downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, Raymond James reduced their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Stock Performance

The stock has a 50-day moving average price of $122.11 and a two-hundred day moving average price of $80.76. The stock has a market capitalization of $73.69 billion, a PE ratio of 57.07, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm earned $12.65 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is owned by insiders.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Chipotle Mexican Grill in the second quarter worth $25,000. Riverview Trust Co increased its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC increased its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. Archer Investment Corp purchased a new stake in Chipotle Mexican Grill in the second quarter worth $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.