The stock is trading at $394.02 a tad under the 50 day moving average of $461.49 and a bit lower than the 200 day moving average of $433.29. The 50 day moving average went down by -14.17% whereas the 200 day moving average was down $-37.21 or -8.59%. 1,428K shares changed hands by the end of trading on Wednesday. Trading volume was down 5.53% under the stocks average daily volume.
Chipotle Mexican Grill, Inc. (NYSE:CMG) has been the object of insider selling activity recently. Steve Ells, Chairman sold $9,253,650 worth of shares at an average price of $440.65 on Tue the 31st. That brings the Chairman’s holdings to $37,253,873 as reported to the SEC.
These firms have also modified their investment in CMG. As of the end of the quarter Pennsylvania Trust Co had bought 10,108 shares growing its position 1,687.5%. The value of the total investment in Chipotle Mexican Grill, Inc. increased from $267,000 to $4,455,000 a change of $4,188,000 quarter to quarter. As of quarter end Gateway Investment Advisers LLC had disposed of a total of 14 shares trimming its stake by 0.8%. The value of the investment in Chipotle Mexican Grill, Inc. went from $809,000 to $749,000 a change of 7.4% for the reporting period.
Heritage Investors Management Corp trimmed its ownership by selling 395 shares a decrease of 3.3% in the quarter. Heritage Investors Management Corp owns 11,720 shares valued at $4,877,000. The value of the position overall is down by 9.6%. Bank Of Montreal /can/ reduced its investment by shedding 32 shares a decrease of 3.0% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ controls 1,021 shares worth $425,000. The total value of its holdings decreased 9.4%.
On June 9, 2017 Mizuho starting coverage on the stock giving it an initial rating of “Buy”. On May 25 the company was upgraded from “” to “Buy” in a report issued by Argus.
On November 17 the company was set at “Sell” in a report from Guggenheim which was a cut from the previous “” rating. On October 26 the stock rating was downgraded to “Neutral” from “Outperform” and a price target of $375.00 was set by Credit Suisse.
Equity analyst Credit Suisse both downgraded the stock and lowered the price target on October 26 changing the price target from $550.00 to $375.00 and cutting the rating from “Outperform” to “Neutral”. On October 18 the company was downgraded to “Neutral” from “Market Perform” with a current price target of $372.00 in an announcement from Raymond James.
The company is trading down by -0.52 percent from yesterday’s close. Chipotle Mexican Grill, Inc. currently has a P/E ratio of 122.51 and the market value is 11.35B. In the latest earnings report the EPS was $3.23 and is projected to be $8.21 for the current year with 28,663,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $2.38 and the next full year EPS is anticipated to be $12.07.
Chipotle Mexican Grill, Inc. (Chipotle), launched on January 30, 1998, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Business’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions. As of December 31, 2016, the Company operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants, and it also had 23 restaurants in operation in other non-Chipotle concepts. As of December 31, 2016, 29 of its restaurants were located outside of the United States, with 17 in Canada, six in the United Kingdom, five in France and one in Frankfurt, Germany. The Company sells gift cards, which do not have an expiration date..Advertisement