Maxim Group reiterated their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report sent to investors on Wednesday, March 14th. Maxim Group currently has a $410.00 price objective on the restaurant operator’s stock.
“We maintain our Buy rating and $410 price target on Chipotle Mexican Grill (CMG) following news that the company’s chief marketing officer, Mark Crumpacker, is exiting the company effective today. We regard today’s news as a sign that new CEO Brian Niccol is moving quickly to take action and make his presence known.”,” the firm’s analyst wrote.
Several other analysts also recently weighed in on CMG. ValuEngine downgraded Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Sunday, December 31st. Zacks Investment Research raised Chipotle Mexican Grill from a strong sell rating to a hold rating in a research note on Thursday, November 16th. Raymond James Financial upgraded Chipotle Mexican Grill from an underperform rating to a market perform rating in a report on Friday, January 19th. William Blair cut Chipotle Mexican Grill from an outperform rating to a market perform rating in a report on Wednesday, November 29th. Finally, Vetr downgraded Chipotle Mexican Grill from a strong-buy rating to a buy rating and set a $326.43 price target on the stock. in a report on Tuesday, February 20th. Nine equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $337.78.
NYSE CMG traded down $9.64 during mid-day trading on Wednesday, reaching $318.07. 633,603 shares of the company’s stock traded hands, compared to its average volume of 712,517. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $499.00. The firm has a market cap of $9,153.03, a PE ratio of 48.19, a price-to-earnings-growth ratio of 2.26 and a beta of 0.55.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.55 EPS. The business’s revenue was up 7.3% on a year-over-year basis. equities analysts anticipate that Chipotle Mexican Grill will post 8.25 EPS for the current year.
In other news, Director Ali Namvar acquired 3,000 shares of Chipotle Mexican Grill stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $317.70 per share, with a total value of $953,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Pershing Square Capital Manage acquired 420,322 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 423,822 shares of company stock worth $134,819,781. 2.01% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its holdings in Chipotle Mexican Grill by 3.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock worth $1,467,000 after buying an additional 161 shares in the last quarter. Gagnon Securities LLC lifted its holdings in Chipotle Mexican Grill by 8.5% during the 3rd quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock worth $746,000 after buying an additional 190 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in Chipotle Mexican Grill by 10.5% during the 4th quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock worth $611,000 after buying an additional 200 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 43.2% during the 3rd quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after buying an additional 215 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in shares of Chipotle Mexican Grill by 12.5% in the 4th quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $583,000 after purchasing an additional 224 shares during the period. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
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Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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