Chipotle Mexican Grill, Inc. (CMG) Given Average Recommendation of “Hold” by Analysts

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus rating of “Hold” from the thirty-seven analysts that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $511.26.

CMG has been the subject of a number of research reports. Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co raised their target price on shares of Chipotle Mexican Grill from $420.00 to $464.00 and gave the stock a “market perform” rating in a research note on Friday, January 11th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price (up previously from $465.00) on shares of Chipotle Mexican Grill in a research note on Friday, January 11th. Loop Capital raised their target price on shares of Chipotle Mexican Grill to $630.00 and gave the stock a “positive” rating in a research note on Thursday, February 7th. Finally, Piper Jaffray Companies raised their target price on shares of Chipotle Mexican Grill from $590.00 to $661.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th.

NYSE CMG opened at $639.00 on Friday. The stock has a market cap of $17.77 billion, a PE ratio of 70.53, a P/E/G ratio of 2.92 and a beta of 0.65. Chipotle Mexican Grill has a 52-week low of $307.70 and a 52-week high of $646.54.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.34. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. Chipotle Mexican Grill’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 EPS. Research analysts forecast that Chipotle Mexican Grill will post 12.24 earnings per share for the current year.

In other news, Director Pershing Square Capital Manage sold 11,980 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $602.45, for a total value of $7,217,351.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jack Hartung sold 4,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $625.21, for a total transaction of $3,067,905.47. Following the completion of the transaction, the chief financial officer now owns 45,237 shares of the company’s stock, valued at $28,282,624.77. The disclosure for this sale can be found here. Insiders sold a total of 44,037 shares of company stock valued at $26,516,662 in the last quarter. Corporate insiders own 2.19% of the company’s stock.

Large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. raised its position in shares of Chipotle Mexican Grill by 7.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 744 shares of the restaurant operator’s stock valued at $321,000 after buying an additional 50 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Chipotle Mexican Grill by 101.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after buying an additional 154,428 shares in the last quarter. Stevens Capital Management LP grew its holdings in shares of Chipotle Mexican Grill by 94.3% during the 3rd quarter. Stevens Capital Management LP now owns 14,778 shares of the restaurant operator’s stock valued at $6,717,000 after purchasing an additional 7,171 shares during the last quarter. Gideon Capital Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 73.4% during the 3rd quarter. Gideon Capital Advisors Inc. now owns 1,313 shares of the restaurant operator’s stock valued at $597,000 after purchasing an additional 556 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $1,407,000. Institutional investors own 92.49% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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