Chipotle Mexican Grill Inc. (CMG) Lifted to Buy at Vetr Inc.
Chipotle Mexican Grill Inc. (NYSE:CMG) was upgraded by Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $415.83 price target on the stock. Vetr‘s price objective would indicate a potential upside of 5.45% from the stock’s previous close.
A number of other analysts also recently commented on CMG. Wedbush reiterated an “underperform” rating and issued a $370.00 price objective (down previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Monday. Nomura reduced their price objective on Chipotle Mexican Grill from $405.00 to $372.00 and set a “neutral” rating for the company in a research report on Monday. Maxim Group reiterated a “sell” rating and issued a $325.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 12th. Goldman Sachs Group Inc. reduced their price objective on Chipotle Mexican Grill from $445.00 to $395.00 and set a “neutral” rating for the company in a research report on Wednesday, September 21st. Finally, Zacks Investment Research downgraded Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 20th. Seven research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have assigned a buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $478.83.
Chipotle Mexican Grill (NYSE:CMG) traded down 2.42% on Monday, hitting $394.35. The stock had a trading volume of 1,244,549 shares. The firm has a market cap of $11.48 billion, a P/E ratio of 56.81 and a beta of 0.60. The firm’s 50-day moving average price is $418.15 and its 200-day moving average price is $422.73. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $720.50.
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Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. The business 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, equities research analysts predict that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Windward Capital Management Company boosted its stake in Chipotle Mexican Grill by 29.3% in the fourth quarter. Windward Capital Management Company now owns 33,635 shares of the company’s stock valued at $16,139,000 after buying an additional 7,612 shares during the last quarter. Marcus Capital acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at $3,575,000. Chevy Chase Trust Holdings boosted its stake in Chipotle Mexican Grill by 1.0% in the fourth quarter. Chevy Chase Trust Holdings now owns 26,080 shares of the company’s stock valued at $12,514,000 after buying an additional 259 shares during the last quarter. Fourth Swedish National Pension Fund boosted its stake in Chipotle Mexican Grill by 1.1% in the fourth quarter. Fourth Swedish National Pension Fund now owns 6,165 shares of the company’s stock valued at $2,958,000 after buying an additional 66 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Chipotle Mexican Grill by 7.9% in the fourth quarter. CIBC Asset Management Inc now owns 3,838 shares of the company’s stock valued at $1,842,000 after buying an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 96.62% 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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