Vetr lowered shares of Chipotle Mexican Grill Inc. (NYSE:CMG) from a hold rating to a sell rating in a research note released on Monday. Vetr currently has $397.64 price target on the stock.
CMG has been the topic of a number of other reports. RBC Capital Markets reaffirmed an outperform rating and set a $465.00 price objective (down from $485.00) on shares of Chipotle Mexican Grill in a report on Tuesday, October 18th. Instinet decreased their price objective on Chipotle Mexican Grill from $372.00 to $333.00 and set a neutral rating on the stock in a report on Wednesday, December 7th. Credit Suisse Group AG downgraded Chipotle Mexican Grill from an outperform rating to a neutral rating and decreased their price objective for the company from $500.00 to $375.00 in a report on Wednesday, October 26th. Zacks Investment Research downgraded Chipotle Mexican Grill from a hold rating to a sell rating in a report on Monday, October 24th. Finally, Maxim Group reaffirmed a sell rating and set a $325.00 price objective (up from $300.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 12th. Six investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $420.03.
Chipotle Mexican Grill (NYSE:CMG) opened at 409.74 on Monday. The stock’s 50 day moving average price is $389.88 and its 200 day moving average price is $402.73. Chipotle Mexican Grill has a 12 month low of $352.96 and a 12 month high of $542.50. The firm has a market capitalization of $11.86 billion, a PE ratio of 165.48 and a beta of 0.61.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 25th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by $1.32. Chipotle Mexican Grill had a return on equity of 5.46% and a net margin of 1.94%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $13.71 million. During the same period last year, the business earned $4.59 earnings per share. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill will post $1.05 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in CMG. Anson Funds Management LP acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $974,000. ETRADE Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $606,000. D.A. Davidson & CO. boosted its position in shares of Chipotle Mexican Grill by 66.9% in the third quarter. D.A. Davidson & CO. now owns 21,747 shares of the company’s stock valued at $9,207,000 after buying an additional 8,714 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Chipotle Mexican Grill by 49.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 1,255 shares of the company’s stock valued at $531,000 after buying an additional 413 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its position in shares of Chipotle Mexican Grill by 14.7% in the third quarter. Laurel Wealth Advisors Inc. now owns 704 shares of the company’s stock valued at $297,000 after buying an additional 90 shares in the last quarter. 99.65% of the stock is currently owned by institutional investors.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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