Chipotle Mexican Grill (NYSE:CMG) Reaches New 1-Year High at $2,183.87

Chipotle Mexican Grill, Inc. (NYSE:CMG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $2,183.87 and last traded at $2,183.26, with a volume of 88241 shares. The stock had previously closed at $2,162.22.

Analyst Ratings Changes

A number of research firms recently issued reports on CMG. Royal Bank of Canada lowered their price target on Chipotle Mexican Grill from $2,300.00 to $2,250.00 and set an “outperform” rating on the stock in a report on Thursday, July 27th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $2,400.00 to $2,200.00 in a report on Thursday, July 27th. Morgan Stanley raised their price target on Chipotle Mexican Grill from $2,010.00 to $2,070.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Piper Sandler lowered their price target on Chipotle Mexican Grill from $2,075.00 to $1,981.00 in a report on Thursday, July 27th. Finally, TD Cowen restated an “outperform” rating and issued a $2,200.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,161.33.

Chipotle Mexican Grill Stock Performance

The stock has a market capitalization of $59.90 billion, a price-to-earnings ratio of 51.29, a P/E/G ratio of 1.89 and a beta of 1.33. The company has a 50-day moving average of $1,924.20 and a 200-day moving average of $1,980.78.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $11.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.46 by $0.90. Chipotle Mexican Grill had a return on equity of 45.26% and a net margin of 12.27%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm posted $9.51 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 44.04 earnings per share for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,044 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $1,830.95, for a total value of $1,911,511.80. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $42,747,189.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,044 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $1,830.95, for a total value of $1,911,511.80. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $42,747,189.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,060 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,950.00, for a total transaction of $2,067,000.00. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $45,526,650. The disclosure for this sale can be found here. Insiders sold 4,642 shares of company stock worth $9,041,139 in the last ninety days. Insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently made changes to their positions in CMG. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Chipotle Mexican Grill by 150,224.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 339,734 shares of the restaurant operator’s stock valued at $726,690,000 after buying an additional 339,508 shares during the period. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $450,560,000. Old North State Trust LLC grew its stake in shares of Chipotle Mexican Grill by 82,050.6% during the 1st quarter. Old North State Trust LLC now owns 257,953 shares of the restaurant operator’s stock valued at $572,000 after buying an additional 257,639 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $10,948,000. Finally, Moneta Group Investment Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $248,604,000. 91.19% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.