Chipotle Mexican Grill, Inc. (CMG) Given Average Rating of “Hold” by Brokerages
Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus recommendation of “Hold” from the thirty-nine ratings firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $354.21.
CMG has been the subject of several research analyst reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday, October 11th. Mizuho reissued a “buy” rating and set a $450.00 price target on shares of Chipotle Mexican Grill in a research report on Saturday, September 23rd. Maxim Group reissued a “buy” rating and set a $435.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 21st. SunTrust Banks set a $390.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Barclays dropped their price target on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th.
Several hedge funds have recently bought and sold shares of CMG. Carmignac Gestion boosted its holdings in shares of Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after purchasing an additional 319,875 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after purchasing an additional 280,300 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 196.5% during the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after purchasing an additional 177,530 shares during the last quarter. Check Capital Management Inc. CA acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $54,272,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Chipotle Mexican Grill by 332.5% during the third quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after purchasing an additional 124,330 shares during the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. analysts predict that Chipotle Mexican Grill will post 6.58 EPS for the current year.
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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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