Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 0.4% – Still a Buy?

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) rose 0.4% during mid-day trading on Thursday . The stock traded as high as $59.63 and last traded at $59.25. Approximately 1,552,002 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 13,903,040 shares. The stock had previously closed at $59.02.

Analysts Set New Price Targets

CMG has been the subject of several recent research reports. Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets lowered their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Finally, Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.03.

Chipotle Mexican Grill Price Performance

The firm has a market capitalization of $81.63 billion, a price-to-earnings ratio of 63.23, a P/E/G ratio of 2.41 and a beta of 1.25. The stock has a fifty day moving average of $56.63 and a two-hundred day moving average of $81.17.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.65 EPS. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the 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 transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related 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 value of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock valued at $2,817,127 in the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently made changes to their positions in the business. Semmax Financial Advisors Inc. raised its holdings in shares of Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 9 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $44,000. Westside Investment Management Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $58,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $78,000. Finally, Register Financial Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $102,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.