Traders Buy Chipotle Mexican Grill Inc. (CMG) on Weakness
Traders bought shares of Chipotle Mexican Grill Inc. (NYSE:CMG) on weakness during trading hours on Monday. $166.91 million flowed into the stock on the tick-up and $128.16 million flowed out of the stock on the tick-down, for a money net flow of $38.75 million into the stock. Of all equities tracked, Chipotle Mexican Grill had the 8th highest net in-flow for the day. Chipotle Mexican Grill traded down ($6.56) for the day and closed at $402.76
A number of equities analysts have commented on the company. Vetr raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 price target on the stock in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. decreased their price target on Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating on the stock in a research note on Monday, July 25th. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Monday, July 18th. Jefferies Group reaffirmed an “underperform” rating and issued a $330.00 price target (down from $350.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Finally, Nomura reissued a “neutral” rating and set a $405.00 target price (down from $420.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $481.78.
The stock’s 50 day moving average is $408.46 and its 200-day moving average is $432.68. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 58.03 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business earned $998.40 million during the quarter, compared to analysts’ expectations of $1.06 billion. On average, equities research analysts predict that Chipotle Mexican Grill Inc. will post $0.24 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in CMG. Carnick & Kubik Group LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $308,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $475,000. Kentucky Retirement Systems acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $1,000,000. Nomura Holdings Inc. raised its position in shares of Chipotle Mexican Grill by 56.6% in the second quarter. Nomura Holdings Inc. now owns 2,518 shares of the company’s stock valued at $1,013,000 after buying an additional 910 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $1,584,000. Hedge funds and other institutional investors own 96.65% of the company’s stock.
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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