Press coverage about Chipotle Mexican Grill (NYSE:CMG) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chipotle Mexican Grill earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 44.4367487235162 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
A number of research analysts recently weighed in on CMG shares. Nomura upped their price objective on Chipotle Mexican Grill from $291.00 to $315.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Wedbush lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 price objective on the stock. in a report on Wednesday, February 7th. Deutsche Bank reaffirmed a “sell” rating and set a $290.00 price objective (up previously from $240.00) on shares of Chipotle Mexican Grill in a report on Wednesday, January 31st. Robert W. Baird raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $315.00 to $295.00 in a report on Tuesday, February 27th. Finally, Wells Fargo upped their price objective on Chipotle Mexican Grill from $280.00 to $300.00 and gave the stock a “market perform” rating in a report on Tuesday, January 30th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $337.78.
Shares of CMG traded up $8.24 during trading hours on Monday, reaching $326.60. 782,952 shares of the company traded hands, compared to its average volume of 1,157,018. The firm has a market cap of $8,891.88, a P/E ratio of 49.48, a PEG ratio of 2.20 and a beta of 0.55. Chipotle Mexican Grill has a fifty-two week low of $247.51 and a fifty-two week high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The business 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 for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. research analysts forecast that Chipotle Mexican Grill will post 8.24 earnings per share for the current fiscal year.
In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage bought 420,322 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ali Namvar bought 3,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 423,822 shares of company stock worth $134,819,781. Corporate insiders own 2.19% of the company’s stock.
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About Chipotle Mexican Grill
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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