Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating reissued by research analysts at William Blair in a note issued to investors on Wednesday.
Several other research firms have also commented on CMG. Citigroup raised Chipotle Mexican Grill to a “market perform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Raymond James Financial raised Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research report on Friday, January 19th. Maxim Group reissued a “buy” rating and issued a $425.00 price target (up from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Credit Suisse Group reissued a “neutral” rating and issued a $330.00 price target (up from $275.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, January 23rd. Finally, Barclays reduced 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. Nine analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average price target of $342.25.
Shares of Chipotle Mexican Grill (CMG) traded up $35.98 during mid-day trading on Wednesday, hitting $287.31. The company’s stock had a trading volume of 3,989,779 shares, compared to its average volume of 1,433,853. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00. The stock has a market cap of $8,140.00, a PE ratio of 46.64, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59.
Hedge funds have recently made changes to their positions in the company. Mosaic Family Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 1,356.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 407 shares during the period. First Interstate Bank increased its holdings in shares of Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 250 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Chipotle Mexican Grill by 75.7% in the fourth 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 period. Mercer Capital Advisers Inc. acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $183,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $197,000. 87.00% 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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