Chipotle Mexican Grill’s (CMG) “Hold” Rating Reiterated at Wells Fargo & Company
CMG has been the topic of several other reports. Goldman Sachs Group, Inc. (The) decreased their price target on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a neutral rating on the stock in a research note on Tuesday, July 25th. Maxim Group reaffirmed a buy rating and set a $435.00 price target (down from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a market perform rating and set a $440.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Credit Suisse Group reaffirmed a neutral rating and set a $320.00 price target (down from $335.00) on shares of Chipotle Mexican Grill in a research note on Friday, August 25th. Finally, Zacks Investment Research cut shares of Chipotle Mexican Grill from a hold rating to a strong sell rating in a research note on Tuesday, September 26th. Seven equities research 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 given a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has a consensus rating of Hold and a consensus price target of $392.13.
Chipotle Mexican Grill (NYSE CMG) opened at 320.39 on Friday. Chipotle Mexican Grill has a 52-week low of $295.11 and a 52-week high of $499.00. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 68.87 and a beta of 0.60. The company’s 50-day moving average is $311.38 and its 200-day moving average is $394.47.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company earned $0.87 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill will post $7.45 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in CMG. Andra AP fonden boosted its holdings in Chipotle Mexican Grill by 67.9% in the second quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after purchasing an additional 1,900 shares during the period. Chilton Investment Co. LLC acquired a new position in Chipotle Mexican Grill in the second quarter worth $10,040,000. Birinyi Associates Inc. boosted its holdings in Chipotle Mexican Grill by 70.0% in the second quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after purchasing an additional 1,400 shares during the period. Allen Investment Management LLC acquired a new position in Chipotle Mexican Grill in the second quarter worth $493,000. Finally, Sustainable Growth Advisers LP boosted its holdings in Chipotle Mexican Grill by 5.6% in the second 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 period. 90.06% of the stock is owned by institutional investors and hedge funds.
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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