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.