Brian R. Niccol Sells 1,996 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report) CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Chipotle Mexican Grill Stock Down 0.4 %

Shares of CMG opened at $2,408.77 on Thursday. The stock has a 50 day moving average price of $2,279.98 and a 200 day moving average price of $2,059.17. The company has a market capitalization of $66.10 billion, a price-to-earnings ratio of 57.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.33. Chipotle Mexican Grill, Inc. has a 52-week low of $1,470.05 and a 52-week high of $2,439.63.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMG. Barclays boosted their price target on shares of Chipotle Mexican Grill from $1,885.00 to $2,246.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 3rd. KeyCorp boosted their price objective on shares of Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chipotle Mexican Grill in a report on Thursday, October 19th. They issued a “buy” rating and a $2,375.00 price objective on the stock. Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Citigroup boosted their price objective on shares of Chipotle Mexican Grill from $2,292.00 to $2,699.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,297.81.

Check Out Our Latest Report on Chipotle Mexican Grill

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMG. Panagora Asset Management Inc. boosted its holdings in Chipotle Mexican Grill by 79.5% in the first quarter. Panagora Asset Management Inc. now owns 948 shares of the restaurant operator’s stock valued at $1,500,000 after purchasing an additional 420 shares in the last quarter. Cibc World Market Inc. boosted its holdings in shares of Chipotle Mexican Grill by 15.5% in the first quarter. Cibc World Market Inc. now owns 171 shares of the restaurant operator’s stock valued at $271,000 after acquiring an additional 23 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Chipotle Mexican Grill by 7.3% in the first quarter. Canada Pension Plan Investment Board now owns 3,032 shares of the restaurant operator’s stock valued at $4,796,000 after acquiring an additional 205 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Chipotle Mexican Grill by 6.1% in the first quarter. Cetera Investment Advisers now owns 777 shares of the restaurant operator’s stock valued at $1,229,000 after acquiring an additional 45 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 38.9% in the first quarter. Sequoia Financial Advisors LLC now owns 218 shares of the restaurant operator’s stock valued at $345,000 after acquiring an additional 61 shares during the period. 91.19% of the stock is owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

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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.

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Insider Buying and Selling by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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