Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Free Report) insider Matthew Bush sold 2,675 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares in the company, valued at $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Chipotle Mexican Grill Stock Performance
Shares of NYSE CMG traded up $1.15 during midday trading on Monday, reaching $38.05. The company’s stock had a trading volume of 18,190,602 shares, compared to its average volume of 19,702,306. The company has a market cap of $48.15 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.35 and a beta of 0.94. The business’s 50 day moving average price is $33.91 and its two-hundred day moving average price is $33.95. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $43.59.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Chipotle Mexican Grill
Institutional Trading of Chipotle Mexican Grill
A number of hedge funds have recently added to or reduced their stakes in CMG. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth $25,000. MV Capital Management Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter worth about $28,000. Meeder Asset Management Inc. acquired a new position in Chipotle Mexican Grill in the 2nd quarter worth about $27,000. Finally, Kelleher Financial Advisors bought a new position in Chipotle Mexican Grill in the second quarter valued at about $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
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