Chipotle Mexican Grill, Inc. (CMG) Given Hold Rating at Robert W. Baird
Robert W. Baird reissued their hold rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report report published on Tuesday morning. Robert W. Baird currently has a $340.00 price target on the restaurant operator’s stock, down from their prior price target of $385.00.
A number of other research firms have also weighed in on CMG. Mizuho reissued a buy rating and set a $533.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Maxim Group reaffirmed a hold rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Chipotle Mexican Grill from a hold rating to a sell rating in a research report on Wednesday, July 12th. Finally, BTIG Research reiterated a neutral rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of Hold and an average price target of $395.25.
Shares of Chipotle Mexican Grill (NYSE CMG) traded up 1.69% during mid-day trading on Tuesday, hitting $308.11. The stock had a trading volume of 674,045 shares. The firm’s 50 day moving average price is $311.12 and its 200-day moving average price is $400.51. Chipotle Mexican Grill has a one year low of $295.11 and a one year high of $499.00. The company has a market cap of $8.78 billion, a PE ratio of 66.23 and a beta of 0.60.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.87 EPS. Chipotle Mexican Grill’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Chipotle Mexican Grill will post $7.52 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Andra AP fonden raised its position in shares of Chipotle Mexican Grill by 67.9% during the 2nd quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock valued at $1,956,000 after acquiring an additional 1,900 shares during the last quarter. Chilton Investment Co. LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $10,040,000. Birinyi Associates Inc. lifted its stake in shares of Chipotle Mexican Grill by 70.0% in the 2nd quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock valued at $1,415,000 after purchasing an additional 1,400 shares during the period. Allen Investment Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $493,000. Finally, Sustainable Growth Advisers LP boosted its position in shares of Chipotle Mexican Grill by 5.6% in the 2nd quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock worth $148,772,000 after purchasing an additional 18,856 shares during the last quarter. 90.08% of the stock is owned by hedge funds and other institutional investors.
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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