Chipotle Mexican Grill, Inc. (CMG) Rating Grow to Hold at ValuEngine

Chipotle Mexican Grill, Inc. (CMG) Rating Grow to Hold at ValuEngine

Chipotle Mexican Grill, Inc. (NYSE:CMG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other analysts have also recently issued reports on the company. Vetr raised 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. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price target for the stock from $447.88 to $550.00 in a research note on Thursday, May 25th. Nomura reaffirmed a “hold” rating and set a $510.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, April 28th. Royal Bank of Canada raised shares of Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research note on Thursday, April 27th. Finally, Stephens raised their price target on shares of Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 26th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $446.40.

Chipotle Mexican Grill (NYSE:CMG) traded down 1.14% during mid-day trading on Friday, hitting $478.07. 608,154 shares of the company traded hands. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 147.87 and a beta of 0.59. The company’s 50-day moving average price is $479.38 and its 200 day moving average price is $426.49. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business earned ($0.88) EPS. Chipotle Mexican Grill’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts anticipate that Chipotle Mexican Grill will post $8.48 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CMG. Rikoon Group LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $660,000. High Pointe Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $335,000. Reynders McVeigh Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 82.5% in the third quarter. Reynders McVeigh Capital Management LLC now owns 6,708 shares of the restaurant operator’s stock worth $2,841,000 after buying an additional 3,033 shares during the last quarter. Marcus Capital LLC boosted its position in shares of Chipotle Mexican Grill by 16.0% in the third quarter. Marcus Capital LLC now owns 7,425 shares of the restaurant operator’s stock worth $3,144,000 after buying an additional 1,025 shares during the last quarter. Finally, Segantii Capital Management Ltd bought a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $2,104,000. Institutional investors own 96.62% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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