Chipotle Mexican Grill, Inc. (CMG) Received Neutral Rating at Wedbush

Chipotle Mexican Grill, Inc. (CMG) Received Neutral Rating at Wedbush

Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a research report issued to clients and investors on Monday. They currently have a $400.00 price objective on the stock. Wedbush’s price objective suggests a potential downside of 3.39% from the company’s current price.

Several other research firms have also recently commented on CMG. Maxim Group lowered their target price on Chipotle Mexican Grill from $300.00 to $280.00 and set a “sell” rating for the company in a research note on Monday, December 12th. Stephens restated an “underweight” rating and issued a $325.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, January 12th. Argus restated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, February 22nd. Zacks Investment Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, January 13th. Finally, Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $400.09 price target on the stock in a research report on Monday, February 6th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and an average price target of $412.90.

Chipotle Mexican Grill (NYSE:CMG) opened at 414.02 on Monday. Chipotle Mexican Grill has a 52-week low of $352.96 and a 52-week high of $480.62. The company’s 50-day moving average price is $412.52 and its 200 day moving average price is $404.35. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 537.69 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, February 2nd. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm earned $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. Chipotle Mexican Grill had a net margin of 0.59% and a return on equity of 2.60%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $2.17 earnings per share. Equities analysts predict that Chipotle Mexican Grill will post $8.15 earnings per share for the current fiscal year.

In related news, Director Matthew H. Paull purchased 400 shares of the stock in a transaction dated Monday, February 6th. The stock was bought at an average cost of $397.71 per share, for a total transaction of $159,084.00. Following the completion of the acquisition, the director now owns 416 shares of the company’s stock, valued at $165,447.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.58% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CMG. FMR LLC increased its stake in Chipotle Mexican Grill by 27.5% in the fourth quarter. FMR LLC now owns 3,281,840 shares of the company’s stock worth $1,238,304,000 after buying an additional 707,970 shares during the last quarter. Pershing Square Capital Management L.P. bought a new stake in Chipotle Mexican Grill during the third quarter worth $234,709,000. Morgan Stanley increased its stake in Chipotle Mexican Grill by 326.0% in the third quarter. Morgan Stanley now owns 459,967 shares of the company’s stock worth $194,797,000 after buying an additional 351,995 shares during the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $105,799,000. Finally, Discovery Capital Management LLC CT bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $95,773,000. Institutional investors and hedge funds own 96.62% of the company’s stock.

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.

Related posts

Leave a Comment