Albert S. Baldocchi Sells 1,000 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) Director Albert S. Baldocchi sold 1,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the sale, the director now owns 27,250 shares of the company’s stock, valued at $86,273,772.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Chipotle Mexican Grill Stock Down 1.7 %

CMG stock opened at $3,156.12 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $1,768.64 and a twelve month high of $3,241.42. The company has a market cap of $86.70 billion, a PE ratio of 67.35, a price-to-earnings-growth ratio of 2.58 and a beta of 1.28. The business’s 50-day simple moving average is $2,846.57 and its 200 day simple moving average is $2,454.12.

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

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 55.08 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CMG. Truist Financial increased their price objective on Chipotle Mexican Grill from $3,250.00 to $3,440.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. BMO Capital Markets increased their price objective on Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Argus increased their target price 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. KeyCorp increased their target price on shares of Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Wedbush increased their target price on shares of Chipotle Mexican Grill from $2,850.00 to $3,200.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,137.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. Steph & Co. bought a new position in Chipotle Mexican Grill during the first quarter worth about $29,000. Fortitude Family Office LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $32,000. Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $37,000. ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Chipotle Mexican Grill during the third quarter worth about $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.