Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Sells $20,409,003.52 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) CEO Brian R. Niccol sold 6,406 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the sale, the chief executive officer now directly owns 22,669 shares in the company, valued at $72,221,620.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $3,138.66 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $1,768.64 and a 52-week high of $3,241.42. The stock has a market capitalization of $86.21 billion, a price-to-earnings ratio of 66.98, a P/E/G ratio of 2.57 and a beta of 1.28. The company’s 50 day moving average price is $2,857.95 and its 200-day moving average price is $2,458.91.

Shares of Chipotle Mexican Grill are going to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CMG. Stephens upped their price objective on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Raymond James restated an “outperform” rating and issued a $3,340.00 price objective (up from $3,300.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Argus upped their price objective on shares of Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3,137.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Steph & Co. bought a new stake in Chipotle Mexican Grill in the first quarter valued at $29,000. Fortitude Family Office LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $32,000. Turtle Creek Wealth Advisors LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $37,000. ICA Group Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Chipotle Mexican Grill in the third quarter valued at $38,000. 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.