filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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The following table describes the per share range of high and low sales prices for shares of our common stock for the quarterly periods indicated, as reported by the New York Stock Exchange (“NYSE”). Our common stock trades on the NYSE under the symbol “CMG.”
| High | Low | |||||||
| 2013 | ||||||||
| First Quarter | $ | 334.89 | $ | 266.02 | ||||
| Second Quarter | $ | 379.15 | $ | 316.87 | ||||
| Third Quarter | $ | 429.78 | $ | 362.30 | ||||
| Fourth Quarter | $ | 550.28 | $ | 420.20 | ||||
| High | Low | |||||||
| 2014 | ||||||||
| First Quarter | $ | 622.90 | $ | 480.87 | ||||
| Second Quarter | $ | 602.21 | $ | 472.41 | ||||
| Third Quarter | $ | 697.93 | $ | 575.92 | ||||
| Fourth Quarter | $ | 696.56 | $ | 607.55 |
As of January 26, 2015, there were approximately 1,062 holders of our common stock, as determined by counting our record holders and the number of participants reflected in a security position listing provided to us by the Depository Trust Company. Because such “DTC participants” are brokers and other institutions holding shares of our common stock on behalf of their customers, the actual number of unique shareholders represented by these record holders is not known.
Purchases of Equity Securities by the Issuer
The table below reflects shares of common stock we repurchased during the fourth quarter of 2014.
| Total Number of Shares Purchased(1) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(2) | |||||||||||||
| October | 13,250 | $ | 638.83 | 13,250 | $ | 118,335,698 | ||||||||||
| Purchased 10/1 through 10/31 | ||||||||||||||||
| November | 14,000 | $ | 654.33 | 14,000 | $ | 109,175,068 | ||||||||||
| Purchased 11/1 through 11/30 | ||||||||||||||||
| December | 10,566 | $ | 659.16 | 10,566 | $ | 102,210,371 | ||||||||||
| Purchased 12/1 through 12/31 | ||||||||||||||||
| Total | 37,816 | $ | 650.25 | 37,816 | $ | 102,210,371 |
| (1) | Shares were repurchased pursuant to a repurchase program announced on February 5, 2013. Repurchases under the program were limited to $100 million in total repurchase price, and there was no expiration date. Repurchases under this program were completed in January 2015. |
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| (2) | This column includes $100 million in authorized repurchases announced on April 17, 2014, but does not include an additional $100 million in authorized repurchases announced on February 3, 2015. These repurchase programs have no expiration date. Authorization of repurchase programs may be modified, suspended, or discontinued at any time. |
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Dividend Policy
We are not required to pay any dividends and have not declared or paid any cash dividends on our common stock. We intend to continue to retain earnings for use in the operation and expansion of our business and therefore do not anticipate paying any cash dividends on our common stock in the foreseeable future.
COMPARISON OF CUMULATIVE TOTAL RETURN
The following graph compares the cumulative annual stockholders return on our common stock from December 31, 2009 through December 31, 2014 to that of the total return index for the S&P 500 and the S&P 500 Restaurants Index assuming an investment of $100 on December 31, 2009. In calculating total annual stockholder return, reinvestment of dividends, if any, is assumed. The indices are included for comparative purposes only. They do not necessarily reflect management’s opinion that such indices are an appropriate measure of the relative performance of our common stock. This graph is not “soliciting material,” is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference in any of our filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
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