Chipotle Mexican Grill Inc (CMG) Files Form 4 Insider Selling : Steve Ells Sells 21,000 Shares

Chipotle Mexican Grill Inc (CMG): Steve Ells , Chairman & Co-CEO of Chipotle Mexican Grill Inc sold 21,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $440.65 per share for a total value of $9,245,513.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 7, 2015, John S Charlesworth (director) sold 2,000 shares at $750.12 per share price.On Aug 5, 2015, Jack Hartung (Chief Financial Officer) sold 2,522 shares at $750.01 per share price.Also, On Aug 5, 2015, Patrick J Flynn (director) sold 1,500 shares at $748.38 per share price.On Jul 31, 2015, Mark Crumpacker (Chief Marketing Officer) sold 998 shares at $731.28 per share price.

Shares of Chipotle Mexican Grill (CMG) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -9.37 points or -2.12% at $432.59 with 7,92,583 shares getting traded. Post opening the session at $442.11, the shares hit an intraday low of $431.3101 and an intraday high of $443.56 and the price vacillated in this range throughout the day. The company has a market cap of $12,632 M and the number of outstanding shares has been calculated to be 2,92,01,412 shares. The 52-week high of Chipotle Mexican Grill is $758.61 and the 52-week low is $399.1404.

Chipotle Mexican Grill Money Flow Index Chart

Company has been under the radar of several Street Analysts.Chipotle Mexican Grill is Reiterated by Telsey Advisory Group to Market Perform while Lowering the Price Target of the company shares to $ 420 from a previous price target of $448 . The Rating was issued on Apr 28, 2016.Chipotle Mexican Grill is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 485 from a previous price target of $500 . The Rating was issued on Apr 27, 2016.Chipotle Mexican Grill is Reiterated by Maxim Group to Sell while Lowering the Price Target of the company shares to $ 300 from a previous price target of $350 . The Rating was issued on Apr 27, 2016.Chipotle Mexican Grill is Reiterated by UBS to Neutral while Lowering the Price Target of the company shares to $ 450 from a previous price target of $460 . The Rating was issued on Apr 27, 2016.Chipotle Mexican Grill is Upgraded by JP Morgan to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 14, 2016.

Chipotle Mexican Grill Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants which serve a focused menu of burritos tacos burrito bowls (a burrito without the tortilla) and salads. The Company operates 1755 restaurants in the United States seven in Canada six in England three in France and one in Germany. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants a fast casual pizza concept. It also provides a variety of extras such as guacamole salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas fruit drinks organic milk beer and margaritas. The average restaurant size is about 2550 square feet and seats about 58 people. The Company’s restaurants also feature outdoor patio space. The Company’s restaurants accept orders by fax online or through an iPhone or Android ordering application.

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Chipotle Mexican Grill - Is it time to Sell?

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