Chipotle Mexican Grill, Inc. (NYSE:CMG) shares reached a new 52-week high during trading on Monday . The stock traded as high as $729.82 and last traded at $724.97, with a volume of 11128 shares. The stock had previously closed at $709.87.

CMG has been the topic of several analyst reports. Piper Jaffray Companies lifted their price objective on Chipotle Mexican Grill from $590.00 to $661.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Canaccord Genuity reiterated a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, February 13th. BTIG Research lifted their price objective on Chipotle Mexican Grill from $620.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Argus reiterated a “buy” rating and issued a $770.00 price objective (up previously from $670.00) on shares of Chipotle Mexican Grill in a report on Thursday, March 21st. Finally, Wedbush upgraded Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $500.00 to $640.00 in a report on Friday, March 22nd. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $642.36.

The firm has a market cap of $19.67 billion, a PE ratio of 80.49, a PEG ratio of 2.85 and a beta of 0.63. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 1.69.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.01 by $0.39. The business 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%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 13 earnings per share for the current year.

In other Chipotle Mexican Grill news, CFO Jack Hartung sold 5,093 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $649.00, for a total transaction of $3,305,357.00. Following the sale, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at approximately $29,358,813. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 7,751 shares of company stock worth $5,112,797. Insiders own 2.21% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CMG. FMR LLC boosted its position in Chipotle Mexican Grill by 88.7% during the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after acquiring an additional 537,677 shares in the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $104,491,000. Renaissance Technologies LLC boosted its position in Chipotle Mexican Grill by 17.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,460,399 shares of the restaurant operator’s stock valued at $1,037,336,000 after acquiring an additional 219,940 shares in the last quarter. Wellington Management Group LLP boosted its position in Chipotle Mexican Grill by 40.1% during the 1st quarter. Wellington Management Group LLP now owns 716,351 shares of the restaurant operator’s stock valued at $508,831,000 after acquiring an additional 204,895 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Chipotle Mexican Grill by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after acquiring an additional 154,428 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

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Chipotle Mexican Grill Company Profile (NYSE:CMG)

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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