Scott Boatwright Sells 1,100 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) COO Scott Boatwright sold 1,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total transaction of $3,509,176.00. Following the completion of the transaction, the chief operating officer now directly owns 2,412 shares of the company’s stock, valued at $7,694,665.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Chipotle Mexican Grill Stock Performance

CMG traded up $19.46 during midday trading on Monday, reaching $3,206.43. 245,789 shares of the company were exchanged, compared to its average volume of 242,638. Chipotle Mexican Grill, Inc. has a one year low of $1,768.64 and a one year high of $3,241.42. The stock has a market capitalization of $88.08 billion, a P/E ratio of 67.97, a PEG ratio of 2.58 and a beta of 1.28. The stock’s 50-day simple moving average is $2,822.95 and its 200 day simple moving average is $2,434.49.

Chipotle Mexican Grill shares are set to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 55.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Stephens raised their target price on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an “equal weight” rating in a research report on Thursday. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays lifted their price target on shares of Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $3,300.00 price target (up previously from $2,825.00) on shares of Chipotle Mexican Grill in a report on Thursday. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,137.12.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Chipotle Mexican Grill by 5.0% during the 3rd quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator’s stock worth $518,780,000 after acquiring an additional 13,513 shares during the period. Covestor Ltd increased its position in shares of Chipotle Mexican Grill by 9.2% during the third quarter. Covestor Ltd now owns 95 shares of the restaurant operator’s stock worth $174,000 after buying an additional 8 shares during the period. NewEdge Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $205,000. Laidlaw Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 69.8% during the third quarter. Laidlaw Wealth Management LLC now owns 270 shares of the restaurant operator’s stock worth $495,000 after buying an additional 111 shares during the period. Finally, Clearstead Advisors LLC increased its position in shares of Chipotle Mexican Grill by 0.7% during the third quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator’s stock worth $1,416,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

About Chipotle Mexican Grill

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.