Chipotle Mexican Grill Inc Chairman and CEO Brian Niccol Sells 1,996 Shares

On January 29, 2024, Brian Niccol, Chairman and CEO of Chipotle Mexican Grill Inc (NYSE: CMG), completed a sale of 1,996 shares of the company, according to a recent SEC filing. The transaction was carried out with shares priced at $2,399.91 each, impacting the company’s market capitalization of $66,396.317 billion.

Chipotle Mexican Grill Inc operates a chain of restaurants in the United States and abroad, offering a menu of burritos, tacos, burrito bowls and salads. The company is known for its use of high-quality raw ingredients, classic cooking methods and distinctive interior design, and offers a relatively simple menu.

Over the last year, the insider sold a total of 24,056 shares and made no purchases. The recent insider selling is part of a broader trend seen within the company. Over the last year, there have been a total of 1 insider purchase and 32 insider sales for Chipotle Mexican Grill Inc.

Chipotle Mexican Grill Inc Chairman and CEO Brian Niccol Sells 1,996 Shares

Chipotle Mexican Grill Inc Chairman and CEO Brian Niccol Sells 1,996 Shares

Regarding the company’s valuation, shares of Chipotle Mexican Grill Inc were trading at $2,399.91 on the day of the insider sale. The company’s price-to-earnings ratio is 57.38, which is higher than the industry median of 23.405 but lower than the company’s historical median price-to-earnings ratio.

The stock’s Price to GF Value ratio is 1.11, which indicates that Chipotle Mexican Grill Inc is considered slightly overvalued based on its GF Value of $2,153.56.

Chipotle Mexican Grill Inc Chairman and CEO Brian Niccol Sells 1,996 Shares

Chipotle Mexican Grill Inc Chairman and CEO Brian Niccol Sells 1,996 Shares

GF Value is a GuruFocus proprietary intrinsic value estimate, which is calculated using historical trading multiples, a GuruFocus adjustment factor based on past company returns and growth, and estimates of future business performance provided by Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general information and does not constitute personalized financial advice. Our comments are based on historical data and analyst projections, using unbiased methodology, and are not intended to act as specific investment advice. It makes no recommendation to purchase or sell shares and does not take into account individual investment objectives or financial situation. Our goal is to provide long-term, data-driven fundamental analysis. Please be aware that our analysis may not incorporate the most recent price-sensitive company announcements or qualitative information. GuruFocus has no position in any stocks mentioned here.

This article was first published on GuruFocus.

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