Chipotle Mexican Grill, Inc. (CMG) Earns “Hold” Rating from Maxim Group
CMG has been the topic of several other reports. Instinet cut their price objective on Chipotle Mexican Grill from $372.00 to $333.00 and set a neutral rating on the stock in a research report on Wednesday, December 7th. Vetr raised Chipotle Mexican Grill from a hold rating to a buy rating and set a $415.03 price objective on the stock in a research report on Tuesday, December 27th. Sanford C. Bernstein set a $564.00 price objective on Chipotle Mexican Grill and gave the company a buy rating in a research report on Tuesday, December 13th. Guggenheim lowered Chipotle Mexican Grill from a neutral rating to a sell rating and set a $315.00 price objective on the stock. in a research report on Thursday, November 17th. Finally, Wells Fargo & Co reissued an outperform rating and issued a $460.00 price objective (up from $430.00) on shares of Chipotle Mexican Grill in a research report on Saturday, January 28th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of Hold and an average price target of $416.81.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 402.58 on Wednesday. The stock has a market capitalization of $11.58 billion, a P/E ratio of 522.83 and a beta of 0.59. Chipotle Mexican Grill has a 12-month low of $352.96 and a 12-month high of $481.63. The stock has a 50 day moving average price of $413.96 and a 200 day moving average price of $404.40.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by $0.02. Chipotle Mexican Grill had a net margin of 0.59% and a return on equity of 2.60%. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned $2.17 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill will post $8.15 earnings per share for the current fiscal year.
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In other Chipotle Mexican Grill news, Director Matthew H. Paull purchased 400 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were bought at an average price of $397.71 per share, with a total value of $159,084.00. Following the completion of the acquisition, the director now owns 416 shares in the company, valued at approximately $165,447.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.58% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. boosted its stake in Chipotle Mexican Grill by 122.3% in the third quarter. Cornerstone Advisors Inc. now owns 389 shares of the company’s stock worth $165,000 after buying an additional 214 shares during the period. First Interstate Bank boosted its stake in Chipotle Mexican Grill by 1,800.0% in the fourth quarter. First Interstate Bank now owns 475 shares of the company’s stock worth $179,000 after buying an additional 450 shares during the period. Tompkins Financial Corp boosted its stake in Chipotle Mexican Grill by 5.5% in the third quarter. Tompkins Financial Corp now owns 440 shares of the company’s stock worth $186,000 after buying an additional 23 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Chipotle Mexican Grill by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 444 shares of the company’s stock worth $188,000 after buying an additional 3 shares during the period. Finally, FNY Partners Fund LP acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth $189,000. 96.62% of the stock is currently owned by 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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