Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Sells $58,092,000.00 in Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Pershing Square Capital Manage sold 80,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $726.15, for a total transaction of $58,092,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

CMG traded down $17.52 during trading on Friday, reaching $746.52. The company had a trading volume of 540,074 shares, compared to its average volume of 362,515. The company has a 50-day moving average of $725.48. The firm has a market capitalization of $20.69 billion, a P/E ratio of 82.40, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. Chipotle Mexican Grill, Inc. has a 12-month low of $383.20 and a 12-month high of $765.99. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 1.69.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.39. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. Chipotle Mexican Grill’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.04 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bremer Bank National Association acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth about $33,000. Horan Capital Advisors LLC. acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth about $36,000. CWM LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth about $36,000. Bruderman Asset Management LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth about $39,000. Finally, Motco acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth about $47,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on CMG shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of in a research note on Friday, June 28th. Robert W. Baird started coverage on shares of The Medicines in a research note on Wednesday, March 27th. They set an “outperform” rating and a $80.00 price objective on the stock. Piper Jaffray Companies set a $173.00 price objective on shares of DexCom and gave the company a “buy” rating in a research note on Monday, July 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $64.00 target price (up from $58.00) on shares of Las Vegas Sands in a report on Thursday, April 18th. Finally, Maxim Group initiated coverage on ContraFect in a report on Tuesday, June 11th. They set a “buy” rating on the stock. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $658.48.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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