Chipotle Mexican Grill, Inc. (NYSE:CMG) Earns “Neutral” Rating from BTIG Research
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating restated by analysts at BTIG Research in a research report issued on Friday.
Several other equities analysts have also weighed in on the company. Standpoint Research initiated coverage on Chipotle Mexican Grill in a research note on Wednesday, April 19th. They issued a “sell” rating and a $420.00 price objective on the stock. Vetr raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective on the stock in a research note on Tuesday, May 30th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the company from $447.88 to $550.00 in a research note on Thursday, May 25th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $505.00 price objective (up from $460.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, April 19th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $450.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 7th. Nine equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $432.13.
Shares of Chipotle Mexican Grill (CMG) traded down 3.01% during mid-day trading on Friday, reaching $345.34. 3,196,630 shares of the company’s stock were exchanged. Chipotle Mexican Grill has a 52 week low of $344.21 and a 52 week high of $499.00. The stock has a 50 day moving average price of $427.08 and a 200 day moving average price of $434.55. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 106.82 and a beta of 0.64. Chipotle Mexican Grill also was the target of some unusual options trading on Tuesday. Stock traders acquired 25,703 put options on the stock. This is an increase of 307% compared to the average volume of 6,322 put options.
Chipotle Mexican Grill (NYSE:CMG) last released 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. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.88) EPS. Equities research analysts predict that Chipotle Mexican Grill will post $8.03 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares in the last quarter. APG Asset Management N.V. increased its stake in Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $84,334,000. Wellington Management Group LLP increased its stake in Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock worth $137,530,000 after buying an additional 97,750 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Chipotle Mexican Grill by 99.0% in the first quarter. Renaissance Technologies LLC now owns 165,800 shares of the restaurant operator’s stock worth $73,867,000 after buying an additional 82,500 shares in the last quarter. Institutional investors own 95.62% of the company’s stock.
Chipotle Mexican Grill Company Profile
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.
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