Chipotle Mexican Grill Inc. (CMG) Upgraded at Vetr Inc.
Chipotle Mexican Grill Inc. (NYSE:CMG) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $463.93 target price on the stock. Vetr‘s price target would indicate a potential upside of 14.79% from the company’s current price.
A number of other research analysts have also commented on CMG. Wedbush lowered Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and cut their target price for the company from $450.00 to $400.00 in a research note on Tuesday, March 29th. Goldman Sachs Group Inc. lowered Chipotle Mexican Grill from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $550.00 to $500.00 in a research note on Friday, April 1st. William Blair reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Saturday, April 9th. Stephens reiterated an “underweight” rating and set a $375.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, April 12th. Finally, Credit Agricole SA lowered Chipotle Mexican Grill from an “outperform” rating to an “underperform” rating and set a $444.33 price objective for the company. in a research note on Tuesday, April 12th. Seven equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have given a buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $480.65.
Chipotle Mexican Grill (NYSE:CMG) traded down 1.38% during midday trading on Tuesday, reaching $404.14. 974,281 shares of the company traded hands. The company has a 50-day moving average price of $418.85 and a 200-day moving average price of $423.85. Chipotle Mexican Grill has a 12-month low of $384.77 and a 12-month high of $725.17. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 58.23 and a beta of 0.60.
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Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The firm earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. On average, analysts predict that Chipotle Mexican Grill will post $0.24 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Intermede Investment Partners Ltd boosted its position in shares of Chipotle Mexican Grill by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 38,792 shares of the company’s stock worth $15,624,000 after buying an additional 784 shares during the last quarter. Gabelli Funds LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $2,111,000. Andra AP fonden boosted its position in shares of Chipotle Mexican Grill by 94.8% in the fourth quarter. Andra AP fonden now owns 15,000 shares of the company’s stock worth $7,198,000 after buying an additional 7,300 shares during the last quarter. Financial Counselors Inc. boosted its position in shares of Chipotle Mexican Grill by 14.5% in the fourth quarter. Financial Counselors Inc. now owns 8,827 shares of the company’s stock worth $4,236,000 after buying an additional 1,120 shares during the last quarter. Finally, Trilogy Global Advisors LP bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $24,374,000. Institutional investors 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.
To view Vetr’s full report, visit Vetr’s official website.
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