Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Sells $609,019.39 in Stock

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Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Brian R. Niccol sold 749 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $813.11, for a total transaction of $609,019.39. Following the sale, the chief executive officer now owns 26,634 shares in the company, valued at $21,656,371.74. The sale was disclosed in a filing with the SEC, which is available at this link.

Chipotle Mexican Grill stock traded down $5.51 during mid-day trading on Wednesday, reaching $809.40. 468,616 shares of the company traded hands, compared to its average volume of 568,796. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.51 and a quick ratio of 1.47. The firm’s 50 day moving average price is $784.90 and its 200 day moving average price is $774.58. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 89.34, a P/E/G ratio of 2.99 and a beta of 0.70. Chipotle Mexican Grill, Inc. has a 52-week low of $383.20 and a 52-week high of $857.90.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $3.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.69. Chipotle Mexican Grill had a net margin of 5.77% and a return on equity of 23.97%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $2.16 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.87 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CMG. Cetera Advisors LLC purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $560,000. Dupont Capital Management Corp boosted its position in Chipotle Mexican Grill by 68.9% during the 3rd quarter. Dupont Capital Management Corp now owns 743 shares of the restaurant operator’s stock valued at $624,000 after acquiring an additional 303 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Chipotle Mexican Grill by 9.6% during the 2nd quarter. Aperio Group LLC now owns 7,813 shares of the restaurant operator’s stock worth $5,726,000 after acquiring an additional 682 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Chipotle Mexican Grill by 97.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 81 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 40 shares during the period. Finally, BlackRock Inc. raised its position in shares of Chipotle Mexican Grill by 7.7% in the 2nd quarter. BlackRock Inc. now owns 1,699,029 shares of the restaurant operator’s stock worth $1,245,187,000 after acquiring an additional 121,606 shares in the last quarter. Institutional investors own 93.65% of the company’s stock.

Several research analysts recently commented on the stock. Stephens raised their price objective on shares of Chipotle Mexican Grill from $700.00 to $800.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. They noted that the move was a valuation call. Credit Suisse Group boosted their price objective on Chipotle Mexican Grill from $880.00 to $930.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Loop Capital upped their target price on shares of Chipotle Mexican Grill to $950.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. KeyCorp increased their target price on Chipotle Mexican Grill from $870.00 to $900.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $904.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, November 20th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $789.03.

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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