Telsey Advisory Group Lowers Chipotle Mexican Grill, Inc. (CMG) to Market Perform
Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday. They currently have a $330.00 target price on the restaurant operator’s stock, down from their prior target price of $370.00. Telsey Advisory Group’s target price indicates a potential upside of 1.76% from the company’s current price.
Other equities research analysts have also issued reports about the company. Robert W. Baird restated a “hold” rating and set a $340.00 price target (down from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Zacks Investment Research lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Raymond James Financial, Inc. restated an “underperform” rating and set a $392.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Finally, Standpoint Research upgraded Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a research report on Friday, August 25th. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $368.16.
Chipotle Mexican Grill (NYSE:CMG) opened at 324.30 on Wednesday. The firm’s 50 day moving average price is $313.21 and its 200-day moving average price is $388.10. Chipotle Mexican Grill has a 12-month low of $295.11 and a 12-month high of $499.00. The company has a market capitalization of $9.25 billion, a PE ratio of 69.71 and a beta of 0.60.
Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $0.56 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that Chipotle Mexican Grill will post $7.34 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. David R. Rahn & Associates Inc. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $1,497,000. Reliance Trust Co. of Delaware boosted its stake in shares of Chipotle Mexican Grill by 53.1% in the third quarter. Reliance Trust Co. of Delaware now owns 1,335 shares of the restaurant operator’s stock worth $411,000 after acquiring an additional 463 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $585,000. Strs Ohio boosted its stake in shares of Chipotle Mexican Grill by 7.2% in the third quarter. Strs Ohio now owns 3,312 shares of the restaurant operator’s stock worth $1,019,000 after acquiring an additional 223 shares during the period. Finally, Ahrens Investment Partners LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $234,000. 90.01% of the stock is owned by hedge funds and other 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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