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.
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.
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.
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