Chipotle Mexican Grill, Inc. (NYSE:CMG) Insider Roger E. Theodoredis Sells 1,636 Shares of Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the completion of the sale, the insider now directly owns 5,258 shares in the company, valued at $8,062,827.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $1,557.38 on Tuesday. The firm has a 50-day moving average of $1,336.12 and a 200-day moving average of $1,427.62. The company has a market cap of $43.55 billion, a P/E ratio of 58.31, a P/E/G ratio of 2.05 and a beta of 1.32. Chipotle Mexican Grill, Inc. has a one year low of $1,196.28 and a one year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMG – Get Rating) last announced its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the prior year, the company earned $7.46 earnings per share. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 32.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CMG shares. Jefferies Financial Group reduced their price objective on shares of Chipotle Mexican Grill from $1,710.00 to $1,530.00 and set a “hold” rating on the stock in a research note on Wednesday, April 27th. Royal Bank of Canada upped their price objective on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $1,850.00 to $1,550.00 in a research note on Monday, July 25th. Cowen reduced their price objective on shares of Chipotle Mexican Grill from $1,830.00 to $1,600.00 and set a “maintains” rating on the stock in a research note on Wednesday, July 27th. Finally, Raymond James cut their target price on shares of Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a research note on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,817.00.

Institutional Trading of Chipotle Mexican Grill

A number of large investors have recently added to or reduced their stakes in CMG. Norges Bank purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth about $449,935,000. BlackRock Inc. increased its holdings in Chipotle Mexican Grill by 9.7% during the fourth quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant operator’s stock worth $3,442,615,000 after buying an additional 173,771 shares during the last quarter. Brown Advisory Inc. increased its holdings in Chipotle Mexican Grill by 1,388.3% during the first quarter. Brown Advisory Inc. now owns 165,070 shares of the restaurant operator’s stock worth $261,281,000 after buying an additional 153,979 shares during the last quarter. Capital International Investors increased its holdings in Chipotle Mexican Grill by 17.7% during the first quarter. Capital International Investors now owns 884,040 shares of the restaurant operator’s stock worth $1,398,438,000 after buying an additional 133,080 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth about $81,000. 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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