Chipotle Mexican Grill (NYSE:CMG) was upgraded by equities researchers at Citigroup to a “market perform” rating in a research note issued on Friday, The Fly reports. The analysts noted that the move was a valuation call.
Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $370.00 to $330.00 in a report on Wednesday, October 25th. Deutsche Bank set a $240.00 target price on Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Wednesday, October 25th. SunTrust Banks set a $355.00 target price on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Wednesday, October 25th. Wedbush reaffirmed a “hold” rating and set a $290.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $325.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, November 29th. Five analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $359.26.
Chipotle Mexican Grill (CMG) traded up $6.34 during trading on Friday, hitting $343.87. The company had a trading volume of 1,152,974 shares, compared to its average volume of 1,020,000. Chipotle Mexican Grill has a 12-month low of $263.00 and a 12-month high of $499.00. The firm has a market capitalization of $9,710.00, a P/E ratio of 66.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock valued at $1,158,031,000 after buying an additional 63,636 shares in the last quarter. Carmignac Gestion increased its position in shares of Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after buying an additional 319,875 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Chipotle Mexican Grill by 169.1% in the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after buying an additional 280,300 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Chipotle Mexican Grill by 196.5% in the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after buying an additional 177,530 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Chipotle Mexican Grill by 1.4% in the third quarter. Brown Advisory Inc. now owns 216,827 shares of the restaurant operator’s stock valued at $66,745,000 after buying an additional 3,069 shares in the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.
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.
