Chipotle Mexican Grill, Inc. (CMG) Lifted to “Hold” at Vetr Inc.
Chipotle Mexican Grill, Inc. (NYSE:CMG) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Monday, May 15th. The firm currently has a $493.69 price target on the restaurant operator’s stock. Vetr‘s price target would indicate a potential upside of 2.82% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Buckingham Research set a $547.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Saturday, January 28th. Piper Jaffray Companies set a $483.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Friday, February 3rd. SunTrust Banks, Inc. set a $500.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Friday, February 3rd. Barclays PLC restated an “equal weight” rating and set a $395.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, February 6th. Finally, Maxim Group upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and increased their target price for the stock from $280.00 to $390.00 in a research report on Friday, February 3rd. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $446.22.
Chipotle Mexican Grill (NYSE:CMG) traded down 0.26% during mid-day trading on Monday, reaching $480.15. The company had a trading volume of 477,836 shares. The company’s 50-day moving average is $476.43 and its 200-day moving average is $424.12. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $499.00. The stock has a market capitalization of $13.76 billion, a PE ratio of 148.52 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned ($0.88) earnings per share. Chipotle Mexican Grill’s revenue was up 28.1% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill will post $8.49 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC bought a new stake in Chipotle Mexican Grill during the first quarter worth about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp increased its stake in Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. bought a new stake in Chipotle Mexican Grill during the first quarter worth about $178,000. 96.62% of the stock is currently owned by hedge funds and other institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
To view Vetr’s full report, visit Vetr’s official website.
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