Chipotle Mexican Grill (NYSE:CMG) has received an average recommendation of “Hold” from the thirty-nine analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, twenty-five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $361.76.
CMG has been the topic of several recent research reports. William Blair restated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. Credit Suisse Group restated a “neutral” rating and issued a $330.00 price target (up previously from $275.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, January 23rd. Wells Fargo boosted their price target on Chipotle Mexican Grill from $280.00 to $300.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Nomura boosted their price target on Chipotle Mexican Grill from $291.00 to $315.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Finally, Citigroup restated a “sell” rating and issued a $290.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, January 31st.
In related news, Director Ali Namvar bought 3,000 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 bought 420,322 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, February 28th. The stock was bought 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. Corporate insiders own 2.19% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. CIBC World Markets Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $1,185,000. Xact Kapitalforvaltning AB lifted its stake in Chipotle Mexican Grill by 10.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 3,665 shares of the restaurant operator’s stock valued at $1,184,000 after buying an additional 346 shares in the last quarter. Gables Capital Management Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $207,000. Legal & General Group Plc lifted its stake in Chipotle Mexican Grill by 1.3% in the 1st quarter. Legal & General Group Plc now owns 126,652 shares of the restaurant operator’s stock valued at $40,922,000 after buying an additional 1,565 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Chipotle Mexican Grill by 107.5% in the 1st quarter. Millennium Management LLC now owns 5,562 shares of the restaurant operator’s stock valued at $1,797,000 after buying an additional 2,881 shares in the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Chipotle Mexican Grill opened at $431.95 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $12.25 billion, a P/E ratio of 65.45, a P/E/G ratio of 2.84 and a beta of 0.49. Chipotle Mexican Grill has a 52-week low of $247.51 and a 52-week high of $489.66.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.56. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS. equities analysts expect that Chipotle Mexican Grill will post 8.44 earnings per share for the current fiscal year.
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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