Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “hold” rating reissued by equities researchers at Cowen and Company in a research report issued to clients and investors on Friday, July 28th. They currently have a $370.00 price objective on the restaurant operator’s stock. Cowen and Company’s price target points to a potential upside of 14.76% from the company’s current price.
Several other brokerages also recently weighed in on CMG. Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price for the company in a research note on Monday, May 15th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stephens increased their target price on Chipotle Mexican Grill from $325.00 to $350.00 and gave the company an “underweight” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada raised Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a report on Thursday, April 27th. Finally, Nomura reaffirmed a “hold” rating and issued a $510.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 28th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $405.15.
Chipotle Mexican Grill (CMG) traded up 0.09% during midday trading on Friday, reaching $322.69. The company’s stock had a trading volume of 2,178,398 shares. The stock has a 50 day moving average of $371.88 and a 200 day moving average of $426.59. The firm has a market capitalization of $9.20 billion, a PE ratio of 69.37 and a beta of 0.62. Chipotle Mexican Grill has a 52 week low of $317.41 and a 52 week high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill will post $7.73 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its stake in Chipotle Mexican Grill by 1.4% in the first quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock valued at $3,598,000 after buying an additional 112 shares in the last quarter. Scout Investments Inc. purchased a new stake in Chipotle Mexican Grill during the first quarter valued at about $12,331,000. TIAA CREF Investment Management LLC increased its stake in Chipotle Mexican Grill by 3.1% in the first quarter. TIAA CREF Investment Management LLC now owns 322,802 shares of the restaurant operator’s stock valued at $143,815,000 after buying an additional 9,751 shares in the last quarter. Wellington Management Group LLP increased its stake in Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock valued at $137,530,000 after buying an additional 97,750 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Chipotle Mexican Grill by 0.5% in the first quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock valued at $1,678,000 after buying an additional 19 shares in the last quarter. 98.37% of the stock is currently owned by hedge funds and other institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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