Chipotle Mexican Grill, Inc. (CMG) Receives “Neutral” Rating from Credit Suisse Group
Credit Suisse Group reaffirmed their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report released on Friday morning. Credit Suisse Group currently has a $320.00 target price on the restaurant operator’s stock, down from their previous target price of $335.00.
Several other equities research analysts have also commented on CMG. UBS AG decreased their price target on Chipotle Mexican Grill from $460.00 to $445.00 and set a neutral rating on the stock in a research note on Tuesday, June 27th. Stephens raised Chipotle Mexican Grill from an underweight rating to an equal weight rating and decreased their price target for the stock from $350.00 to $325.00 in a research note on Thursday. Canaccord Genuity reissued a hold rating and set a $440.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. BTIG Research reissued a neutral rating on shares of Chipotle Mexican Grill in a research note on Wednesday, August 16th. Finally, Zacks Investment Research raised Chipotle Mexican Grill from a sell rating to a hold rating in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $402.27.
Chipotle Mexican Grill (NYSE CMG) traded up 2.28% on Friday, hitting $308.79. The stock had a trading volume of 1,654,110 shares. The company has a 50 day moving average price of $346.84 and a 200-day moving average price of $419.75. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 66.38 and a beta of 0.62. Chipotle Mexican Grill has a 52-week low of $296.00 and a 52-week high of $499.00. Chipotle Mexican Grill also was the target of unusually large options trading on Wednesday. Investors bought 17,681 put options on the stock. This is an increase of approximately 122% compared to the typical daily volume of 7,974 put options.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 EPS. On average, equities research analysts predict that Chipotle Mexican Grill will post $7.67 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Chipotle Mexican Grill during the first quarter worth $514,000. Candriam Luxembourg S.C.A. boosted its position in Chipotle Mexican Grill by 32.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 1,659 shares of the restaurant operator’s stock worth $739,000 after buying an additional 404 shares during the last quarter. Nationwide Fund Advisors boosted its position in Chipotle Mexican Grill by 1.4% in the first quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock worth $3,598,000 after buying an additional 112 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Chipotle Mexican Grill by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 774 shares of the restaurant operator’s stock worth $322,000 after buying an additional 15 shares during the last quarter. Finally, First Manhattan Co. boosted its position in Chipotle Mexican Grill by 80.5% in the first quarter. First Manhattan Co. now owns 1,435 shares of the restaurant operator’s stock worth $607,000 after buying an additional 640 shares during the last quarter. 98.37% of the stock is owned by institutional investors.
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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