Chipotle Mexican Grill (NYSE:CMG) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday. They presently have a $326.43 target price on the restaurant operator’s stock. Vetr‘s price objective indicates a potential upside of 1.70% from the company’s previous close.
Several other brokerages also recently weighed in on CMG. William Blair reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. Citigroup raised Chipotle Mexican Grill to a “market perform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Raymond James Financial raised Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research report on Friday, January 19th. Maxim Group reaffirmed a “buy” rating and set a $425.00 price target (up from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Finally, Credit Suisse Group restated a “neutral” rating and set a $330.00 target price (up from $275.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, January 23rd. 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 stock. The stock presently has an average rating of “Hold” and an average price target of $337.30.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at $320.96 on Tuesday. The firm has a market capitalization of $9,060.00, a PE ratio of 52.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.59. Chipotle Mexican Grill has a 12-month low of $247.51 and a 12-month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. research analysts predict 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 on Thursday, February 15th. The shares were acquired at an average cost of $290.88 per share, with a total value of $145,440.00. Following the purchase, the director now directly owns 766 shares of the company’s stock, valued at approximately $222,814.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.01% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Chipotle Mexican Grill by 0.5% in the 4th quarter. BlackRock Inc. now owns 1,559,197 shares of the restaurant operator’s stock worth $450,653,000 after purchasing an additional 7,805 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Chipotle Mexican Grill by 6.4% in the 4th quarter. Clearbridge Investments LLC now owns 691,054 shares of the restaurant operator’s stock worth $199,735,000 after purchasing an additional 41,468 shares in the last quarter. Independent Franchise Partners LLP purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $107,391,000. Principal Financial Group Inc. lifted its stake in 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 worth $82,462,000 after purchasing an additional 177,530 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Chipotle Mexican Grill by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 255,862 shares of the restaurant operator’s stock worth $73,795,000 after purchasing an additional 2,179 shares in the last quarter. 88.88% of the stock is currently owned by institutional investors and hedge funds.
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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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