Chipotle Mexican Grill Inc. (CMG) PT Lowered to $372.00
Chipotle Mexican Grill Inc. (NYSE:CMG) had its price target cut by stock analysts at Nomura from $405.00 to $372.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the stock. Nomura’s price objective points to a potential downside of 7.95% from the company’s previous close.
Several other analysts also recently weighed in on the stock. Maxim Group reissued a “sell” rating and set a $325.00 target price (up previously from $300.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 12th. Vetr downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $416.52 target price on the stock. in a research report on Monday, September 26th. Goldman Sachs Group Inc. dropped their target price on shares of Chipotle Mexican Grill from $445.00 to $395.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 21st. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 20th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $547.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 16th. 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’s stock. The company has an average rating of “Hold” and an average price target of $479.71.
Chipotle Mexican Grill (NYSE:CMG) traded down 1.68% during trading on Monday, reaching $397.35. 327,828 shares of the company traded hands. Chipotle Mexican Grill has a 52 week low of $384.77 and a 52 week high of $725.17. The company has a market capitalization of $11.57 billion, a P/E ratio of 57.25 and a beta of 0.60. The firm has a 50-day moving average price of $418.85 and a 200-day moving average price of $423.85.
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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 for the quarter, missing the consensus estimate of $0.93 by $0.06. The company had revenue of $998.40 million for the quarter, compared to analysts’ expectations of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. Analysts forecast that Chipotle Mexican Grill will post $0.24 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in CMG. Ruane Cunniff & Goldfarb Inc. boosted its stake in 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 during the last quarter. Generation Investment Management LLP acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $230,936,000. TIAA CREF Investment Management LLC raised its position in shares of Chipotle Mexican Grill by 17.3% in the second quarter. TIAA CREF Investment Management LLC now owns 428,415 shares of the company’s stock worth $172,548,000 after buying an additional 63,204 shares during the period. Marsico Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 2.0% in the first quarter. Marsico Capital Management LLC now owns 372,629 shares of the company’s stock worth $175,497,000 after buying an additional 7,248 shares during the period. Finally, BlackRock Advisors LLC raised its position 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 worth $137,816,000 after buying an additional 132,993 shares during the period. 96.62% of the stock is currently owned by institutional investors.
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.
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