Chipotle Mexican Grill Inc's Chief Brand Officer Sells Company Shares
Christopher Brandt, the Chief Brand Officer of Chipotle Mexican Grill Inc (NYSE:CMG), has sold 3,149 shares of the company on March 20, 2024, according to a recent SEC filing. The transaction was executed at an average price of $2927.84 per share, resulting in a total value of $9,217,700.16.
Chipotle Mexican Grill Inc is a company that operates in the restaurant industry, 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 features a relatively simple menu.
Over the past year, the insider has sold a total of 7,176 shares of Chipotle Mexican Grill Inc and has not made any purchases of the stock. The recent sale by the insider is part of a series of transactions that have taken place over the past year, which includes 1 insider buy and 30 insider sells.
On the day of the sale, Chipotle Mexican Grill Inc's shares were trading at $2927.84, giving the company a market capitalization of $79.028 billion. The price-earnings ratio of the company stands at 64.98, which is above the industry median of 24.08 and also higher than the company's historical median price-earnings ratio.
The stock's price relative to its GuruFocus Value indicates that Chipotle Mexican Grill Inc is significantly overvalued. With a price of $2927.84 and a GuruFocus Value of $2199.14, the price-to-GF-Value ratio is 1.33.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Chipotle Mexican Grill Inc.
The GF Value image above provides a visual representation of Chipotle Mexican Grill Inc's valuation and its current price relative to this intrinsic value estimate.
For more detailed information on insider transactions and the company's financials, readers are encouraged to visit the links provided in the article.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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