Chipotle Mexican Grill Inc. (CMG) Rating Reiterated by Raymond James Financial Inc.
Chipotle Mexican Grill Inc. (NYSE:CMG)‘s stock had its “underperform” rating reissued by equities researchers at Raymond James Financial Inc. in a research report issued on Tuesday.
A number of other equities analysts also recently commented on the stock. Vetr raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 price objective for the company in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $490.00 price objective (down previously from $500.00) on shares of Chipotle Mexican Grill in a research note on Thursday, June 23rd. Morgan Stanley reaffirmed a “hold” rating and set a $405.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 18th. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Sunday, July 24th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $500.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, June 21st. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $477.69.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 0.08% during trading on Tuesday, reaching $394.67. The company had a trading volume of 656,875 shares. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $720.50. The company’s 50 day moving average is $418.15 and its 200-day moving average is $422.73. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 56.86 and a beta of 0.60.
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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 business earned $998.40 million during 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%. On average, equities research analysts anticipate that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. WFG Advisors LP raised its stake in shares of 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 last quarter. Van ECK Associates Corp raised its stake in shares of 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 last quarter. Global X Management Co. LLC raised its stake in shares of 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 last quarter. Cribstone Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth $145,000. Finally, Sandy Spring Bank raised its stake in shares of Chipotle Mexican Grill by 11.9% in the second quarter. Sandy Spring Bank now owns 422 shares of the company’s stock worth $170,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.
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.
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