Chipotle Mexican Grill Inc. (CMG) Given “Underperform” Rating at Wedbush
Chipotle Mexican Grill Inc. (NYSE:CMG)‘s stock had its “underperform” rating reiterated by investment analysts at Wedbush in a research note issued to investors on Monday. They currently have a $370.00 target price on the stock, down from their previous target price of $400.00. Wedbush’s target price would suggest a potential downside of 6.17% from the stock’s current price.
A number of other analysts have also commented on CMG. Credit Suisse Group AG reissued a “buy” rating and set a $500.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, June 21st. SunTrust Banks Inc. reissued a “buy” rating and set a $550.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $490.00 price objective (down from $500.00) on shares of Chipotle Mexican Grill in a report on Thursday, June 23rd. Vetr lowered Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $452.14 price objective for the company. in a report on Thursday, June 23rd. Finally, Zacks Investment Research lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Seven analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $478.85.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 2.42% during trading on Monday, hitting $394.35. The stock had a trading volume of 1,244,549 shares. The company’s 50 day moving average price is $418.85 and its 200 day moving average price is $422.94. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 56.81 and a beta of 0.60. Chipotle Mexican Grill has a 52 week low of $384.77 and a 52 week high of $720.50.
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 https://www.americanbankingnews.com/2016/10/17/chipotle-mexican-grill-inc-cmg-given-underperform-rating-at-wedbush.html
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $998.40 million for the quarter, compared to the consensus estimate of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. Analysts predict that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Generation Investment Management LLP purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $230,936,000. Ruane Cunniff & Goldfarb Inc. increased its stake 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 valued at $235,360,000 after buying an additional 490,487 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $81,768,000. Adage Capital Partners GP L.L.C. increased its stake in shares of Chipotle Mexican Grill by 325.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 191,110 shares of the company’s stock valued at $76,971,000 after buying an additional 146,200 shares during the period. Finally, BlackRock Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 63.6% in the second quarter. BlackRock Advisors LLC now owns 342,178 shares of the company’s stock valued at $137,816,000 after buying an additional 132,993 shares during the period. 96.62% of the stock is owned by institutional investors and hedge funds.
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.