Sanford C. Bernstein reissued their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note released on Tuesday morning. They currently have a $500.00 target price on the restaurant operator’s stock.
Several other equities research analysts have also issued reports on CMG. ValuEngine lowered shares of Chipotle Mexican Grill from a hold rating to a sell rating in a report on Sunday, December 31st. Barclays reissued an equal weight rating and issued a $325.00 price target (up previously from $280.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 16th. Maxim Group reissued a buy rating and issued a $425.00 price target (up previously from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. Citigroup raised shares of Chipotle Mexican Grill to a market perform rating in a report on Friday, January 19th. They noted that the move was a valuation call. Finally, Raymond James raised shares of Chipotle Mexican Grill from an underperform rating to a market perform rating in a report on Friday, January 19th. Eight analysts have rated the stock with a sell rating, twenty-four have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $338.10.
Shares of Chipotle Mexican Grill stock opened at $333.10 on Tuesday. The firm has a market capitalization of $9,236.82, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 2.28 and a beta of 0.55. Chipotle Mexican Grill has a 52-week low of $247.51 and a 52-week 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 (EPS) for the quarter, beating the Thomson Reuters’ 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 net margin of 3.94% and a return on equity of 13.44%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. equities research analysts forecast that Chipotle Mexican Grill will post 8.25 earnings per share for the current fiscal year.
In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage bought 420,322 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ali Namvar bought 3,000 shares of the business’s stock in a transaction 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. Over the last 90 days, insiders have acquired 423,822 shares of company stock worth $134,819,781. Corporate insiders own 2.19% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CMG. QUANTRES ASSET MANAGEMENT Ltd lifted its position in Chipotle Mexican Grill by 107.1% during the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 2,900 shares of the restaurant operator’s stock valued at $838,000 after purchasing an additional 1,500 shares during the period. Hexavest Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $34,213,000. Schwab Charles Investment Management Inc. lifted its position in Chipotle Mexican Grill by 4.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 90,872 shares of the restaurant operator’s stock valued at $26,265,000 after purchasing an additional 3,472 shares during the period. State of Alaska Department of Revenue raised its position in shares of Chipotle Mexican Grill by 51.6% in the 4th quarter. State of Alaska Department of Revenue now owns 5,908 shares of the restaurant operator’s stock valued at $1,706,000 after acquiring an additional 2,010 shares during the period. Finally, Cim LLC raised its position in shares of Chipotle Mexican Grill by 31.1% in the 4th quarter. Cim LLC now owns 14,645 shares of the restaurant operator’s stock valued at $4,233,000 after acquiring an additional 3,472 shares during the period. Institutional investors own 84.45% 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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