Chipotle Mexican Grill Inc. (CMG) Raised to Buy at Vetr Inc.
Chipotle Mexican Grill Inc. (NYSE:CMG) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $415.83 price target on the stock. Vetr‘s target price would suggest a potential upside of 5.45% from the company’s current price.
Several other equities research analysts also recently issued reports on CMG. BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, June 29th. Jefferies Group reissued an “underperform” rating and set a $330.00 price objective (down previously from $350.00) on shares of Chipotle Mexican Grill in a research report on Monday, July 25th. SunTrust Banks Inc. reissued a “buy” rating and set a $550.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 22nd. Cowen and Company reissued a “hold” rating on shares of Chipotle Mexican Grill in a research report on Monday, July 18th. Finally, Robert W. Baird reissued a “neutral” rating and set a $435.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, July 25th. Seven investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $478.83.
Chipotle Mexican Grill (NYSE:CMG) traded down 2.42% on Monday, reaching $394.35. 1,244,549 shares of the company’s stock were exchanged. The firm has a market cap of $11.48 billion, a PE ratio of 56.81 and a beta of 0.60. Chipotle Mexican Grill has a 12 month low of $384.77 and a 12 month high of $720.50. The firm’s 50-day moving average is $418.15 and its 200-day moving average is $422.73.
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Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The company had revenue of $998.40 million for the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts forecast that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Intermede Investment Partners Ltd raised its position in Chipotle Mexican Grill by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 38,792 shares of the company’s stock valued at $15,624,000 after buying an additional 784 shares in the last quarter. Legal & General Group Plc raised its position in Chipotle Mexican Grill by 2.2% in the first quarter. Legal & General Group Plc now owns 135,569 shares of the company’s stock valued at $63,835,000 after buying an additional 2,893 shares in the last quarter. Nordea Investment Management AB raised its position in Chipotle Mexican Grill by 1,461.6% in the second quarter. Nordea Investment Management AB now owns 18,724 shares of the company’s stock valued at $7,541,000 after buying an additional 17,525 shares in the last quarter. Moore Capital Management LP purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $2,355,000. Finally, Zurich Insurance Group Ltd FI purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $1,958,000. 96.62% of the stock is currently owned by hedge funds and other institutional investors.
About Chipotle Mexican Grill
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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