Stifel Nicolaus Lowers Chipotle Mexican Grill Inc. (CMG) to Sell
Chipotle Mexican Grill Inc. (NYSE:CMG) was downgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating in a report released on Tuesday. They presently have a $215.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 49.99% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the stock. Goldman Sachs Group Inc. lowered their target price on shares of Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating for the company in a research note on Tuesday, July 19th. Credit Suisse Group AG restated an “outperform” rating and issued a $550.00 target price on shares of Chipotle Mexican Grill in a research note on Saturday, April 16th. Nomura restated a “neutral” rating and issued a $420.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, June 3rd. Vetr cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 price target for the company. in a report on Tuesday, July 12th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $590.00 price target on shares of Chipotle Mexican Grill in a report on Monday, July 18th. Seven investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $479.94.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 1.28% on Tuesday, hitting $429.91. The stock had a trading volume of 980,473 shares. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 61.94 and a beta of 0.60. The firm has a 50 day moving average of $416.14 and a 200-day moving average of $425.45. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $757.00.
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Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The firm earned $998.40 million during the quarter, compared to analysts’ expectations of $1.06 billion. Equities analysts predict that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the company. Generation Investment Management LLP purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $230,936,000. Ruane Cunniff & Goldfarb Inc. increased its position in shares of Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock worth $235,360,000 after buying an additional 490,487 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $233,249,000. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $115,041,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 156.0% in the first quarter. TIAA CREF Investment Management LLC now owns 365,211 shares of the company’s stock worth $172,003,000 after buying an additional 222,537 shares in the last quarter. Institutional investors own 96.66% of the company’s stock.
About Chipotle Mexican Grill
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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