Chipotle Mexican Grill (NYSE:CMG) had its price target boosted by Royal Bank of Canada to $340.00 in a research report released on Tuesday. Royal Bank of Canada currently has a market perform rating on the restaurant operator’s stock.
Several other brokerages have also issued reports on CMG. William Blair reiterated a hold rating on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. Raymond James upgraded shares of Chipotle Mexican Grill from an underperform rating to a market perform rating in a research report on Friday, January 19th. Citigroup upgraded shares of 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. Maxim Group reiterated a buy rating and set a $425.00 target price (up from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Finally, Vetr lowered shares of Chipotle Mexican Grill from a hold rating to a sell rating and set a $319.64 target price for the company. in a research report on Wednesday, March 21st. Eight equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $339.97.
CMG stock opened at $331.95 on Tuesday. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00. The company has a market capitalization of $9,453.28, a PE ratio of 50.30, a PEG ratio of 2.33 and a beta of 0.55.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.55 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts predict that Chipotle Mexican Grill will post 8.25 EPS for the current fiscal year.
In other news, Director Paul T. Cappuccio bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were bought at an average cost of $290.88 per share, with a total value of $145,440.00. Following the completion of the purchase, the director now directly owns 766 shares in the company, valued at $222,814.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ali Namvar bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 423,822 shares of company stock worth $134,819,781. 2.19% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mosaic Family Wealth LLC increased its stake in shares of Chipotle Mexican Grill by 1,356.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after buying an additional 407 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Chipotle Mexican Grill by 75.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after buying an additional 246 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $197,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Chipotle Mexican Grill by 71.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock worth $221,000 after buying an additional 318 shares during the period. Finally, IFM Investors Pty Ltd purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth $263,000. 84.22% of the stock is currently owned by institutional investors.
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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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