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.
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