Chipotle Mexican Grill, Inc. (CMG) Given “Neutral” Rating at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note released on Wednesday. Goldman Sachs Group, Inc. (The) currently has a $360.00 price objective on the restaurant operator’s stock.
A number of other equities research analysts also recently issued reports on the company. SunTrust Banks, Inc. restated a buy rating and set a $505.00 price objective (down from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wedbush downgraded Chipotle Mexican Grill from an outperform rating to a market perform rating and decreased their price objective for the company from $470.00 to $370.00 in a research report on Friday, July 21st. Maxim Group upgraded Chipotle Mexican Grill from a hold rating to a buy rating and upped their price objective for the company from $440.00 to $470.00 in a research report on Tuesday, July 18th. Cowen and Company downgraded Chipotle Mexican Grill from a market perform rating to an underperform rating and decreased their price objective for the company from $370.00 to $250.00 in a research report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. restated a market perform rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $398.97.
Chipotle Mexican Grill (NYSE:CMG) opened at 314.31 on Wednesday. Chipotle Mexican Grill has a 52-week low of $295.11 and a 52-week high of $499.00. The company’s 50-day moving average price is $318.10 and its 200 day moving average price is $407.26. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 67.56 and a beta of 0.64.
Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill will post $7.59 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. Andra AP fonden raised its stake in Chipotle Mexican Grill by 67.9% in the 2nd quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after acquiring an additional 1,900 shares during the last quarter. Chilton Investment Co. LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth $10,040,000. Birinyi Associates Inc. raised its stake in Chipotle Mexican Grill by 70.0% in the 2nd quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after acquiring an additional 1,400 shares during the last quarter. Allen Investment Management LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth $493,000. Finally, Sustainable Growth Advisers LP raised its stake in 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 acquiring an additional 18,856 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.
Chipotle Mexican Grill Company Profile
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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