Chipotle Mexican Grill’s (CMG) Buy Rating Reaffirmed at Buckingham Research
Buckingham Research reiterated their buy rating on shares of Chipotle Mexican Grill Inc. (NYSE:CMG) in a research report sent to investors on Friday morning. They currently have a $547.00 target price on the stock.
A number of other equities research analysts also recently commented on the company. Oppenheimer Holdings Inc. reissued a rating on shares of Chipotle Mexican Grill in a report on Thursday, September 8th. SunTrust Banks Inc. reissued a buy rating and issued a $550.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 22nd. Credit Suisse Group AG reissued a buy rating and issued a $500.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, June 21st. Vetr raised Chipotle Mexican Grill from a hold rating to a buy rating and set a $467.97 target price for the company in a report on Monday, May 30th. Finally, Sanford C. Bernstein reissued a buy rating and issued a $730.00 target price on shares of Chipotle Mexican Grill in a report on Saturday, July 2nd. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of Hold and a consensus target price of $481.78.
Chipotle Mexican Grill (NYSE:CMG) traded down 0.95% during trading on Friday, hitting $405.45. 247,783 shares of the company traded hands. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 58.41 and a beta of 0.59. Chipotle Mexican Grill has a 52-week low of $384.77 and a 52-week high of $757.00. The company’s 50-day moving average is $410.48 and its 200 day moving average is $435.79.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The firm earned $998.40 million during the quarter, compared to analysts’ expectations of $1.06 billion. On average, equities analysts anticipate that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WFG Advisors LP boosted its position in Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock valued at $120,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock valued at $121,000 after buying an additional 53 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock valued at $132,000 after buying an additional 270 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the second quarter valued at $145,000. Finally, Carnick & Kubik LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at $160,000. 96.65% of the stock is owned by institutional investors.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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