Chipotle Mexican Grill, Inc. (NYSE:CMG) CTO Curtis E. Garner Sells 3,300 Shares

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) CTO Curtis E. Garner sold 3,300 shares of Chipotle Mexican Grill stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $1,526.90, for a total transaction of $5,038,770.00. Following the completion of the sale, the chief technology officer now owns 12,321 shares of the company’s stock, valued at approximately $18,812,934.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $1,557.38 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,196.28 and a fifty-two week high of $1,958.55. The stock’s 50-day moving average is $1,336.12 and its two-hundred day moving average is $1,427.62. The stock has a market cap of $43.55 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its earnings results 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 quarter in the previous year, the firm posted $7.46 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 32.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill to $1,800.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Morgan Stanley lifted their price objective on shares of Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $1,900.00 to $1,750.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. OTR Global raised shares of Chipotle Mexican Grill from a “mixed” rating to a “positive” rating in a report on Monday, June 27th. Finally, Royal Bank of Canada boosted their price target on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,817.00.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently bought and sold shares of CMG. Commonwealth Equity Services LLC grew its stake in Chipotle Mexican Grill by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,094 shares of the restaurant operator’s stock valued at $12,402,000 after acquiring an additional 260 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Chipotle Mexican Grill by 138.8% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 308 shares of the restaurant operator’s stock valued at $538,000 after buying an additional 179 shares in the last quarter. Yousif Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $7,098,000. CWM LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $476,000. Finally, Xponance Inc. grew its stake in shares of Chipotle Mexican Grill by 9.9% in the 4th quarter. Xponance Inc. now owns 4,715 shares of the restaurant operator’s stock valued at $8,243,000 after buying an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.

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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