Chipotle Mexican Grill (CMG) Rating Reiterated by William Blair
William Blair reaffirmed their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Monday. William Blair also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.99 EPS, FY2018 earnings at $9.43 EPS and FY2020 earnings at $14.96 EPS.
CMG has been the topic of a number of other research reports. Zacks Investment Research cut Chipotle Mexican Grill from a hold rating to a strong sell rating in a research report on Tuesday, September 26th. Deutsche Bank set a $240.00 target price on Chipotle Mexican Grill and gave the company a sell rating in a research report on Wednesday, October 25th. Nomura decreased their target price on Chipotle Mexican Grill to $338.00 and set a neutral rating on the stock in a research report on Thursday, October 19th. Wells Fargo & Co reiterated a hold rating on shares of Chipotle Mexican Grill in a research report on Friday, October 13th. Finally, Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $345.00 to $310.00 and set a hold rating on the stock in a research report on Wednesday, October 25th. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of Hold and an average target price of $361.42.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down $0.40 during midday trading on Monday, hitting $329.60. The company had a trading volume of 718,546 shares, compared to its average volume of 1,050,171. Chipotle Mexican Grill has a 52 week low of $263.00 and a 52 week high of $499.00. The company has a market capitalization of $9,280.00, a PE ratio of 63.88, a P/E/G ratio of 2.06 and a beta of 0.50.
Institutional investors and hedge funds have recently modified their holdings of the business. First Interstate Bank lifted its stake in Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 250 shares during the period. Mercer Capital Advisers Inc. bought a new stake in Chipotle Mexican Grill during the third quarter worth $183,000. Pacer Advisors Inc. grew its holdings in Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after buying an additional 215 shares in the last quarter. Ahrens Investment Partners LLC bought a new stake in Chipotle Mexican Grill during the third quarter worth $234,000. Finally, TLP Group LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at $251,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
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About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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