Chipotle Mexican Grill (NYSE:CMG) was upgraded by equities research analysts at Stifel Nicolaus to a “hold” rating in a research report issued to clients and investors on Tuesday.
CMG has been the topic of a number of other reports. Goldman Sachs Group reiterated a “neutral” rating and issued a $285.00 target price (down from $330.00) on shares of Chipotle Mexican Grill in a report on Thursday, February 8th. Wedbush increased their target price on Chipotle Mexican Grill from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. They noted that the move was a valuation call. ValuEngine cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Bank of America cut their target price on Chipotle Mexican Grill from $285.00 to $270.00 and set an “underperform” rating on the stock in a report on Wednesday, February 7th. Finally, William Blair reiterated a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, February 14th. Eight equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have assigned a buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus target price of $336.05.
Chipotle Mexican Grill (NYSE CMG) opened at $305.63 on Tuesday. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00. The stock has a market capitalization of $8,536.33, a price-to-earnings ratio of 49.62, a P/E/G ratio of 2.09 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.55 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.3% compared to the same quarter last year. equities analysts expect that Chipotle Mexican Grill will post 8.32 EPS for the current year.
In other Chipotle Mexican Grill news, Director Paul T. Cappuccio bought 500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $290.88 per share, with a total value of $145,440.00. Following the transaction, the director now directly owns 766 shares in the company, valued at approximately $222,814.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.01% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sharkey Howes & Javer increased its holdings in Chipotle Mexican Grill by 953.9% in the 4th quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock worth $115,000 after acquiring an additional 11,447 shares during the last quarter. Mosaic Family Wealth LLC increased its holdings in Chipotle Mexican Grill by 1,356.7% in the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 407 shares during the last quarter. First Interstate Bank increased its holdings in Chipotle Mexican Grill by 111.1% in the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Chipotle Mexican Grill by 75.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 246 shares during the last quarter. Finally, Mercer Capital Advisers Inc. purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $183,000. 88.88% of the stock is 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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