Chipotle Mexican Grill (NYSE:CMG) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued on Wednesday. They currently have a $319.64 price target on the restaurant operator’s stock. Vetr‘s price objective would indicate a potential downside of 4.45% from the company’s previous close.
A number of other analysts have also issued reports on CMG. Wedbush reaffirmed a “neutral” rating and issued a $310.00 price target (up from $285.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, March 13th. Maxim Group reaffirmed a “buy” rating and issued a $410.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, March 14th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $355.00 price target (up from $318.00) on shares of Chipotle Mexican Grill in a research note on Thursday, March 15th. UBS set a $275.00 price target on Chipotle Mexican Grill and gave the stock a “sell” rating in a research note on Friday, March 9th. Finally, Stifel Nicolaus lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating and lowered their price target for the stock from $310.00 to $250.00 in a research note on Wednesday, February 7th. Nine analysts have rated the stock with a sell rating, twenty-three have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $338.71.
Shares of CMG stock traded up $14.35 during trading hours on Wednesday, hitting $334.52. The stock had a trading volume of 1,378,364 shares, compared to its average volume of 1,295,104. The firm has a market capitalization of $8,848.31, a price-to-earnings ratio of 54.31, a PEG ratio of 2.18 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 issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. research analysts forecast that Chipotle Mexican Grill will post 8.25 earnings per share for the current year.
In other news, Director Pershing Square Capital Manage acquired 420,322 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $318.14 per share, with a total value of $133,721,241.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ali Namvar acquired 3,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average cost of $317.70 per share, with a total value of $953,100.00. The disclosure for this purchase can be found here. Insiders acquired 423,822 shares of company stock worth $134,819,781 in the last 90 days. Company insiders own 2.01% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its stake in shares of Chipotle Mexican Grill by 11.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 3,319 shares of the restaurant operator’s stock valued at $959,000 after buying an additional 354 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Chipotle Mexican Grill by 28.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,303 shares of the restaurant operator’s stock valued at $2,111,000 after buying an additional 1,635 shares in the last quarter. Sharkey Howes & Javer grew its stake in shares of Chipotle Mexican Grill by 953.9% in the fourth quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock valued at $115,000 after buying an additional 11,447 shares in the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 6.5% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 13,190 shares of the restaurant operator’s stock valued at $3,812,000 after buying an additional 800 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $248,000. 84.10% of the stock is 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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