Chipotle Mexican Grill, Inc. (NYSE:CMG) has received a consensus recommendation of “Hold” from the forty analysts that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $346.57.
A number of brokerages recently commented on CMG. Credit Suisse Group reiterated a “neutral” rating and issued a $275.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. ValuEngine lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Mizuho lowered Chipotle Mexican Grill from a “buy” rating to a “neutral” rating and set a $533.00 target price on the stock. in a research report on Wednesday. Robert W. Baird dropped their target price on Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $285.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research report on Thursday.
Several large investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in Chipotle Mexican Grill by 12.6% in the 4th quarter. Toronto Dominion Bank now owns 10,750 shares of the restaurant operator’s stock valued at $3,108,000 after purchasing an additional 1,204 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Chipotle Mexican Grill by 11.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 27,026 shares of the restaurant operator’s stock valued at $7,811,000 after purchasing an additional 2,679 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Chipotle Mexican Grill by 75.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 246 shares during the last quarter. Check Capital Management Inc. CA raised its stake in Chipotle Mexican Grill by 17.6% in the 4th quarter. Check Capital Management Inc. CA now owns 103,650 shares of the restaurant operator’s stock valued at $29,958,000 after purchasing an additional 15,497 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $731,000. Hedge funds and other institutional investors own 88.01% of the company’s stock.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.32%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. research analysts forecast that Chipotle Mexican Grill will post 9.94 earnings per share for the current fiscal 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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