Wedbush reiterated their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note released on Saturday, July 22nd. The brokerage currently has a $390.00 price objective on the restaurant operator’s stock, down from their previous price objective of $450.00.
Several other analysts have also weighed in on the company. BTIG Research reaffirmed a neutral rating on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Cowen and Company reaffirmed a market perform rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Robert W. Baird reaffirmed a neutral rating and issued a $425.00 price objective (down from $490.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Canaccord Genuity reduced their price objective on Chipotle Mexican Grill from $440.00 to $400.00 and set a hold rating on the stock in a research note on Friday, July 21st. Finally, Argus downgraded Chipotle Mexican Grill from a buy rating to a hold rating and increased their target price for the company from $352.96 to $365.05 in a research report on Friday, July 21st. Seven 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 issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $405.15.
Shares of Chipotle Mexican Grill (NYSE CMG) traded down 0.82% during midday trading on Friday, hitting $320.13. 1,020,248 shares of the stock were exchanged. The firm has a market cap of $9.13 billion, a P/E ratio of 68.82 and a beta of 0.62. The firm has a 50 day moving average of $366.59 and a 200 day moving average of $425.15. Chipotle Mexican Grill has a 12-month low of $317.41 and a 12-month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. Chipotle Mexican Grill’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. Equities analysts forecast that Chipotle Mexican Grill will post $7.73 EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Chipotle Mexican Grill by 118.9% in the first quarter. Bank of Montreal Can now owns 26,505 shares of the restaurant operator’s stock worth $11,808,000 after buying an additional 14,397 shares during the last quarter. Pennsylvania Trust Co purchased a new position in Chipotle Mexican Grill during the first quarter worth about $267,000. National Pension Service boosted its position in Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock worth $12,684,000 after buying an additional 2,422 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Chipotle Mexican Grill by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator’s stock worth $4,097,000 after buying an additional 75 shares during the last quarter. Finally, Puplava Financial Services Inc. purchased a new position in Chipotle Mexican Grill during the first quarter worth about $347,000. Hedge funds and other institutional investors own 98.37% of the company’s stock.
Chipotle Mexican Grill Company Profile
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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