Chipotle Mexican Grill’s (CMG) Sell Rating Reiterated at Maxim Group
Chipotle Mexican Grill Inc. (NYSE:CMG)‘s stock had its “sell” rating reiterated by Maxim Group in a report issued on Wednesday. They currently have a $325.00 target price on the stock, up from their prior target price of $300.00. Maxim Group’s price target suggests a potential downside of 23.17% from the stock’s current price.
Several other brokerages also recently commented on CMG. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $425.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 22nd. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Sunday, July 24th. 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 Monday, July 25th. Robert W. Baird reiterated a “neutral” rating and issued a $435.00 price target on shares of Chipotle Mexican Grill in a report on Monday, July 25th. Finally, Jefferies Group restated an “underperform” rating and set a $330.00 target price (down previously from $350.00) on shares of Chipotle Mexican Grill in a report on Monday, July 25th. Seven investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus target price of $480.65.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 423.02 on Wednesday. Chipotle Mexican Grill has a one year low of $384.77 and a one year high of $742.40. The company’s 50-day moving average is $418.32 and its 200-day moving average is $424.50. The company has a market capitalization of $12.32 billion, a PE ratio of 60.95 and a beta of 0.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/chipotle-mexican-grills-cmg-sell-rating-reiterated-at-maxim-group.html
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The firm earned $998.40 million during the quarter, compared to the consensus estimate 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 bought and sold shares of CMG. Raymond James Trust N.A. increased its position in Chipotle Mexican Grill by 0.5% in the third quarter. Raymond James Trust N.A. now owns 885 shares of the company’s stock worth $374,000 after buying an additional 4 shares during the period. Dynamic Advisors Solutions LLC increased its position in Chipotle Mexican Grill by 11.7% in the third quarter. Dynamic Advisors Solutions LLC now owns 2,364 shares of the company’s stock worth $1,001,000 after buying an additional 248 shares during the period. Oregon Public Employees Retirement Fund increased its position in Chipotle Mexican Grill by 23.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 6,957 shares of the company’s stock worth $2,946,000 after buying an additional 1,321 shares during the period. Carnick & Kubik Group LLC purchased a new position in Chipotle Mexican Grill during the second quarter worth about $308,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Chipotle Mexican Grill during the second quarter worth about $475,000. Institutional investors and hedge funds own 96.66% of the company’s stock.
Chipotle Mexican Grill Company Profile
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.
Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.