Chipotle Mexican Grill Inc. (CMG) Stock Rating Reaffirmed by Wedbush
Chipotle Mexican Grill Inc. (NYSE:CMG)‘s stock had its “underperform” rating reiterated by analysts at Wedbush in a research report issued on Monday. They currently have a $370.00 price target on the stock, down from their previous price target of $400.00. Wedbush’s price objective would indicate a potential downside of 6.17% from the stock’s previous close.
Several other research firms have also recently issued reports on CMG. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $425.00 price target on shares of Chipotle Mexican Grill in a report on Friday, July 22nd. BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Sunday, July 24th. Goldman Sachs Group Inc. cut their target price on Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating on the stock in a research note on Monday, July 25th. Robert W. Baird reissued a “neutral” rating and issued a $435.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Finally, Jefferies Group reissued an “underperform” rating and issued a $330.00 target price (down previously from $350.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Seven investment analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have given a buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Hold” and an average price target of $478.85.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 2.42% during midday trading on Monday, hitting $394.35. The company had a trading volume of 1,244,549 shares. The firm’s 50-day moving average is $418.85 and its 200-day moving average is $422.94. The firm has a market capitalization of $11.48 billion, a P/E 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.
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Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by $0.06. The firm earned $998.40 million during the quarter, compared to the consensus estimate 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.
Large investors have recently added to or reduced their stakes in the stock. WFG Advisors LP raised its stake in Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock worth $120,000 after buying an additional 20 shares during the period. Van ECK Associates Corp raised its stake in Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock worth $121,000 after buying an additional 53 shares during the period. Global X Management Co. LLC raised its stake in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock worth $132,000 after buying an additional 270 shares during the period. Carnick & Kubik LLC bought a new stake in Chipotle Mexican Grill during the first quarter worth approximately $160,000. Finally, Cribstone Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $145,000. 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.
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