Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating reiterated by investment analysts at William Blair in a report issued on Monday.
Other equities analysts have also issued research reports about the company. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group lowered their price objective on Chipotle Mexican Grill to $300.00 and set a “positive” rating on the stock in a research note on Wednesday, October 25th. ValuEngine lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Robert W. Baird set a $300.00 price objective on Chipotle Mexican Grill and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $359.26.
Shares of Chipotle Mexican Grill (NYSE CMG) traded down $13.87 on Monday, hitting $330.00. The company had a trading volume of 1,435,864 shares, compared to its average volume of 1,049,947. Chipotle Mexican Grill has a 52-week low of $263.00 and a 52-week high of $499.00. The stock has a market capitalization of $9,320.00, a PE ratio of 63.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.50.
Several institutional investors have recently made changes to their positions in the company. First Interstate Bank lifted its stake in Chipotle Mexican Grill by 111.1% during the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 250 shares in the last quarter. Mercer Capital Advisers Inc. acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth about $183,000. TLP Group LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth about $251,000. National Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 35.5% during the 2nd quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 172 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Chipotle Mexican Grill by 43.2% during the 3rd quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after acquiring an additional 215 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.
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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.
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