Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “neutral” rating reiterated by analysts at Credit Suisse Group in a note issued to investors on Tuesday, February 20th, Marketbeat reports. They presently have a $290.00 price target on the restaurant operator’s stock, up from their prior price target of $275.00. Credit Suisse Group’s price target would suggest a potential downside of 9.28% from the stock’s current price.
Several other brokerages have also recently issued reports on CMG. William Blair reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 22nd. Citigroup upgraded 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. Raymond James Financial upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research note on Friday, January 19th. Maxim Group restated a “buy” rating and set a $425.00 target price (up from $400.00) on shares of Chipotle Mexican Grill in a research note on Thursday, January 18th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $325.00 price target (up from $280.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 16th. Eight equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $337.77.
Chipotle Mexican Grill (NYSE CMG) traded down $7.27 on Tuesday, reaching $319.66. 764,504 shares of the company’s stock were exchanged, compared to its average volume of 1,590,000. The stock has a market cap of $8,930.00, a price-to-earnings ratio of 51.89, a PEG ratio of 2.22 and a beta of 0.58. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00.
In other news, Director Pershing Square Capital Manage acquired 420,322 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $318.14 per share, with a total value of $133,721,241.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul T. Cappuccio acquired 500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $290.88 per share, for a total transaction of $145,440.00. Following the purchase, the director now directly owns 766 shares in the company, valued at approximately $222,814.08. The disclosure for this purchase can be found here. Insiders have acquired a total of 423,822 shares of company stock valued at $134,819,781 in the last quarter. 2.01% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Chipotle Mexican Grill by 0.5% during the fourth quarter. BlackRock Inc. now owns 1,559,197 shares of the restaurant operator’s stock worth $450,653,000 after purchasing an additional 7,805 shares during the period. Clearbridge Investments LLC raised its position in shares of Chipotle Mexican Grill by 6.4% during the fourth quarter. Clearbridge Investments LLC now owns 691,054 shares of the restaurant operator’s stock worth $199,735,000 after purchasing an additional 41,468 shares during the period. Independent Franchise Partners LLP acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $107,391,000. Principal Financial Group Inc. raised its position in shares of Chipotle Mexican Grill by 196.5% during the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after purchasing an additional 177,530 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 255,862 shares of the restaurant operator’s stock worth $73,795,000 after purchasing an additional 2,179 shares during the period. 84.12% of the stock is currently owned by institutional investors.
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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