Chipotle Mexican Grill, Inc. (CMG) Rating Reiterated by BTIG Research
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reissued by investment analysts at BTIG Research in a note issued to investors on Tuesday.
Several other analysts have also recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $350.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday. Robert W. Baird reiterated a “hold” rating and set a $340.00 target price (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday. Stifel Nicolaus assumed coverage on shares of Chipotle Mexican Grill in a research report on Monday. They set a “hold” rating and a $345.00 target price for the company. Cowen and Company reiterated an “underperform” rating and set a $250.00 target price on shares of Chipotle Mexican Grill in a research report on Monday. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $330.00 target price (down previously from $350.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, September 27th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have issued 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 a consensus price target of $395.25.
Chipotle Mexican Grill (CMG) traded up 0.74% during midday trading on Tuesday, hitting $309.08. The stock had a trading volume of 283,200 shares. The stock’s 50-day moving average is $310.66 and its 200-day moving average is $399.83. The company has a market cap of $8.81 billion, a P/E ratio of 66.44 and a beta of 0.60. Chipotle Mexican Grill has a one year low of $295.11 and a one year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. Equities analysts predict that Chipotle Mexican Grill will post $7.52 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at about $107,000. Korea Investment CORP raised its holdings in Chipotle Mexican Grill by 140.2% in the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares during the period. Harbour Capital Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Chipotle Mexican Grill by 84.5% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 169 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Chipotle Mexican Grill by 6.7% in the 1st quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 25 shares during the period. 90.08% of the stock is currently owned by hedge funds and other 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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