Chipotle Mexican Grill Inc. (CMG) Cut to Sell at Guggenheim
Chipotle Mexican Grill Inc. (NYSE:CMG) was downgraded by Guggenheim from a “neutral” rating to a “sell” rating in a report issued on Thursday.
A number of other equities research analysts have also recently commented on the company. Vetr upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 price target for the company in a research note on Tuesday, August 9th. Wedbush reiterated an “underperform” rating and issued a $370.00 price target (down from $400.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 17th. Morgan Stanley reiterated a “hold” rating and issued a $405.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, August 18th. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Sunday, July 24th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $550.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, September 1st. Nine research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $452.92.
Chipotle Mexican Grill (NYSE:CMG) opened at 402.90 on Thursday. Chipotle Mexican Grill has a 52-week low of $352.96 and a 52-week high of $614.70. The stock has a market capitalization of $11.66 billion, a PE ratio of 162.72 and a beta of 0.60. The stock’s 50 day moving average price is $400.13 and its 200-day moving average price is $413.21.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by $1.32. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $13.71 million. Chipotle Mexican Grill had a return on equity of 5.46% and a net margin of 1.94%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.59 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill will post $1.58 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Generation Investment Management LLP acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $230,936,000. Pershing Square Capital Management L.P. purchased a new stake in Chipotle Mexican Grill during the third quarter valued at $234,709,000. Ruane Cunniff & Goldfarb Inc. increased its stake in Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock valued at $235,360,000 after buying an additional 490,487 shares during the last quarter. Morgan Stanley increased its stake in Chipotle Mexican Grill by 326.0% in the third quarter. Morgan Stanley now owns 459,967 shares of the company’s stock valued at $194,797,000 after buying an additional 351,995 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Chipotle Mexican Grill during the second quarter valued at $81,768,000. 96.97% of the stock is owned by institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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