Chipotle Mexican Grill (NYSE:CMG) Trading Down 1.4% - Time to Sell?

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) traded down 1.4% on Tuesday . The company traded as low as $57.67 and last traded at $57.96. 1,079,467 shares traded hands during trading, a decline of 92% from the average session volume of 13,758,901 shares. The stock had previously closed at $58.81.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Loop Capital boosted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Piper Sandler boosted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Wedbush reaffirmed an "outperform" rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, TD Cowen increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.27.

Chipotle Mexican Grill Price Performance

The firm has a market cap of $80.19 billion, a PE ratio of 53.95, a PEG ratio of 2.36 and a beta of 1.26. The business's 50 day moving average price is $58.11 and its 200 day moving average price is $81.28.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS 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 business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company's stock, valued at approximately $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company's stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,290 shares of company stock valued at $1,866,023. Corporate insiders own 1.02% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shellback Capital LP grew its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock worth $7,831,000 after purchasing an additional 122,500 shares during the last quarter. Swedbank AB purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth about $53,979,000. Optas LLC increased its position in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock valued at $989,000 after acquiring an additional 13,060 shares during the period. Savvy Advisors Inc. purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $758,000. Finally, Pathway Financial Advisers LLC lifted its position in Chipotle Mexican Grill by 5,662.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator's stock worth $498,000 after acquiring an additional 8,493 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

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.

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