Chipotle Mexican Grill, Inc. (NYSE:CMG) CMO Christopher W. Brandt Sells 1,532 Shares of Stock

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) CMO Christopher W. Brandt sold 1,532 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the completion of the transaction, the chief marketing officer now owns 8,508 shares in the company, valued at approximately $12,795,691.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chipotle Mexican Grill Trading Down 0.4 %

Shares of CMG stock opened at $1,557.38 on Tuesday. The company has a market cap of $43.55 billion, a price-to-earnings ratio of 58.31, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32. The stock has a 50 day simple moving average of $1,336.12 and a 200-day simple moving average of $1,427.62. Chipotle Mexican Grill, Inc. has a 12-month low of $1,196.28 and a 12-month high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 35.14% and a net margin of 9.28%. During the same period in the prior year, the company posted $7.46 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 32.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Credit Suisse Group decreased their target price on Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an “outperform” rating for the company in a research report on Tuesday, July 19th. UBS Group decreased their target price on Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Cowen decreased their target price on Chipotle Mexican Grill from $1,830.00 to $1,600.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Wedbush decreased their target price on Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Finally, TheStreet raised Chipotle Mexican Grill from a “c+” rating to a “b” rating in a research report on Monday, April 18th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $1,817.00.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $28,000. Confluence Wealth Services Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $27,000. James Reed Financial Services Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $27,000. Core Alternative Capital increased its stake in Chipotle Mexican Grill by 433.3% in the 1st quarter. Core Alternative Capital now owns 16 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in Chipotle Mexican Grill during the first quarter worth $27,000. 89.85% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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