BTIG Research Reaffirms “Neutral” Rating for Chipotle Mexican Grill, Inc. (CMG)
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reaffirmed by investment analysts at BTIG Research in a research note issued on Tuesday.
A number of other brokerages also recently commented on CMG. Jefferies Group LLC restated a “hold” rating and issued a $350.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday. Robert W. Baird reaffirmed a “hold” rating and set a $340.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Stifel Nicolaus assumed coverage on Chipotle Mexican Grill in a research report on Monday. They set a “hold” rating and a $345.00 price target on the stock. Cowen and Company reiterated an “underperform” rating and set a $250.00 price target on shares of Chipotle Mexican Grill in a research report on Monday. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $330.00 price target (down previously from $350.00) on shares of Chipotle Mexican Grill in a report on Wednesday, September 27th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $395.25.
Chipotle Mexican Grill (CMG) traded up 0.39% during trading on Tuesday, hitting $302.99. The company had a trading volume of 833,567 shares. The company has a market cap of $8.64 billion, a PE ratio of 65.13 and a beta of 0.60. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The company’s 50 day moving average price is $311.67 and its 200-day moving average price is $401.23.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. Equities analysts expect that Chipotle Mexican Grill will post $7.55 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of the business. Andra AP fonden raised its stake in shares of Chipotle Mexican Grill by 67.9% during the 2nd quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after purchasing an additional 1,900 shares in the last quarter. Chilton Investment Co. LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $10,040,000. Birinyi Associates Inc. grew its stake in shares of Chipotle Mexican Grill by 70.0% in the 2nd quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock valued at $1,415,000 after buying an additional 1,400 shares in the last quarter. Allen Investment Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $493,000. Finally, Sustainable Growth Advisers LP grew its stake in shares of Chipotle Mexican Grill by 5.6% in the 2nd quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock valued at $148,772,000 after buying an additional 18,856 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors.
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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