Today, the EC of Chipotle (CMG), Steve Ells, sold shares of CMG for $70.52M.
Following Steve Ells’ last CMG Sell transaction on June 02, 2016, the stock climbed by 361.8%. In addition to Steve Ells, one other CMG executive reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Chipotle’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.43 billion and quarterly net profit of $91.03 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $46.88 million. CMG’s market cap is $22.32B and the company has a P/E ratio of 90.88. Currently, Chipotle has an average volume of 533.7K.
Based on 23 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $752.95, reflecting a -5.4% downside. Five different firms, including BMO Capital and Mizuho Securities, currently also have a Sell rating on the stock. CMG is a controversial stock, with 11 analysts recommending Buy, while 5 recommends selling the stock.
In the last 30 days, insiders have sold $71.42M worth of CMG shares and purchased $47.53M worth of CMG shares. The insider sentiment on Chipotle has been neutral according to 36 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Chipotle Mexican Grill, Inc. engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the U.S. It offers focused menu of burritos, tacos, burrito bowls and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
