Chipotle Mexican Grill, Inc. (CMG) Stock Rating Reaffirmed by Tigress Financial

Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reaffirmed by stock analysts at Tigress Financial in a report issued on Saturday, July 22nd.

A number of other equities analysts also recently commented on CMG. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price for the company in a research note on Tuesday, May 30th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Deutsche Bank AG reiterated a “sell” rating and set a $350.00 target price (up previously from $300.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 10th. Wells Fargo & Company restated a “market perform” rating and issued a $470.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Seven research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $405.15.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 2.10% during mid-day trading on Friday, reaching $311.24. The company had a trading volume of 1,216,339 shares. The firm has a 50 day moving average of $360.68 and a 200-day moving average of $423.62. Chipotle Mexican Grill has a one year low of $311.01 and a one year high of $499.00. The stock has a market capitalization of $8.87 billion, a P/E ratio of 66.90 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Analysts forecast that Chipotle Mexican Grill will post $7.73 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. Carmignac Gestion increased its stake in Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after buying an additional 319,875 shares during the last quarter. Renaissance Technologies LLC increased its stake in Chipotle Mexican Grill by 169.1% in the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares during the last quarter. American Century Companies Inc. increased its stake in Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the last quarter. Institutional investors and hedge funds own 98.37% of the company’s stock.

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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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