Shares of Chipotle Mexican Grill (NYSE:CMG) rose 0.1%

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Your Free Report ) rose 0.1% on Friday. The company traded as high as $56.23 and last traded at $55.70. About 1,924,799 shares traded hands during mid-day trading, down 87% from the average daily volume of 15,008,936 shares. Shares previously closed at $55.63.

Analysts set new price targets

A number of analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Wedbush restated an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday. TD Cowen cut their price target on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Loop Capital decreased their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $62.36, based on data from MarketBeat.

Get the latest stock analysis on Chipotle Mexican Grill

Chipotle Mexican Grill trading rose 0.8%

The company has a 50-day moving average of $120.35 and a 200-day moving average of $80.54. The company has a market cap of $77.02 billion, a price-to-earnings ratio of 59.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $12.65 per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. to post 1.09 EPS for the current year.

Insiders place their bets

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Corporate insiders own 1.02% of the company’s shares.

Institutional Marketing of Chipotle Mexican Grill

Several large investors have recently added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Riverview Trust Co boosted its position 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 valued at $25,000 after purchasing an additional 392 shares during the last quarter. RiverPark Advisors LLC boosted its holdings 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 buying an additional 392 shares during the period. Archer Investment Corp purchased a new position in Chipotle Mexican Grill in the second quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s shares.

Chipotle Mexican Grill Company Profile

(Get a free report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. Sell ​​food and beverages by offering burritos, burrito bowls, quesadillas, tacos and salads. The company also offers delivery and related services, its app and website. It has operations in the United States, Canada, France, Germany and the United Kingdom.

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