Raymond James Financial upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from an underperform rating to a market perform rating in a research report released on Friday, January 19th, Marketbeat Ratings reports.
Several other equities analysts have also weighed in on CMG. Robert W. Baird set a $300.00 target price on shares of Chipotle Mexican Grill and gave the company a hold rating in a report on Wednesday, October 25th. BMO Capital Markets reiterated a market perform rating and issued a $275.00 target price (down from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Canaccord Genuity decreased their target price on shares of Chipotle Mexican Grill from $400.00 to $325.00 and set a hold rating on the stock in a report on Wednesday, October 25th. SunTrust Banks set a $355.00 target price on shares of Chipotle Mexican Grill and gave the company a buy rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group decreased their target price on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a neutral rating on the stock in a report on Wednesday, October 25th. Nine analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $342.25.
Shares of Chipotle Mexican Grill (CMG) traded up $38.58 during midday trading on Friday, reaching $289.91. 5,382,059 shares of the company traded hands, compared to its average volume of 1,350,000. The stock has a market cap of $8,190.00, a PE ratio of 47.06, a PEG ratio of 1.66 and a beta of 0.59. Chipotle Mexican Grill has a one year low of $247.51 and a one year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. Chipotle Mexican Grill’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. analysts predict that Chipotle Mexican Grill will post 8.36 EPS for the current year.
Several large investors have recently made changes to their positions in CMG. Independent Franchise Partners LLP purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $107,391,000. Carmignac Gestion increased its position in shares of Chipotle Mexican Grill by 162.5% in the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after purchasing an additional 319,875 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Chipotle Mexican Grill by 169.1% in the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after purchasing an additional 280,300 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Chipotle Mexican Grill by 196.5% in the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after buying an additional 177,530 shares during the last quarter. Finally, Check Capital Management Inc. CA purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $54,272,000. 87.00% of the stock is currently owned by institutional investors.
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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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