Chipotle Mexican Grill, Inc. (NYSE:CMG) Short Interest Update

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 25,660,000 shares, a decrease of 6.1% from the November 15th total of 27,320,000 shares. Based on an average daily volume of 9,550,000 shares, the short-interest ratio is currently 2.7 days.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.53 on Tuesday, hitting $64.27. 7,543,329 shares of the stock were exchanged, compared to its average volume of 13,372,647. The company's 50-day moving average price is $60.49 and its two-hundred day moving average price is $81.22. The company has a market capitalization of $87.57 billion, a price-to-earnings ratio of 60.07, a P/E/G ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill has a 52-week low of $44.08 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company earned $0.23 EPS. The firm's quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares of the company's stock, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. RiverPark Advisors LLC increased its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator's stock worth $25,000 after buying an additional 392 shares during the last quarter. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 392 shares during the last quarter. Chilton Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $27,000. Finally, MCF Advisors LLC raised its position in shares of Chipotle Mexican Grill by 5,525.0% during the second quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator's stock valued at $28,000 after buying an additional 442 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday. Finally, Barclays lifted their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus target price of $66.55.

Chipotle Mexican Grill Company Profile

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.