Chipotle Mexican Grill, Inc. (NYSE:CMG) Short Interest Down 6.1% in November

Chipotle Mexican Grill, Inc. (NYSE:CMG) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 25,660,000 shares, a drop of 6.1% from the November 15th total of 27,320,000 shares. Based on an average trading volume of 9,550,000 shares, the days-to-cover ratio is presently 2.7 days.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. RiverPark Advisors LLC grew its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $27,000. Finally, MCF Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 442 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of analyst reports. Loop Capital lifted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Raymond James lifted their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Stephens reiterated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.55.

Chipotle Mexican Grill Price Performance

CMG opened at $64.27 on Wednesday. Chipotle Mexican Grill has a 12 month low of $44.08 and a 12 month high of $69.26. The stock has a market capitalization of $87.57 billion, a price-to-earnings ratio of 60.07, a PEG ratio of 2.64 and a beta of 1.27. The business has a fifty day moving average price of $60.49 and a 200 day moving average price of $81.22.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

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.