Chipotle Mexican Grill (NYSE:CMG) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday. They currently have a $326.43 target price on the restaurant operator’s stock. Vetr‘s target price would indicate a potential upside of 6.81% from the company’s current price.
CMG has been the topic of a number of other reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a $285.00 target price (down from $330.00) on shares of Chipotle Mexican Grill in a research report on Thursday, February 8th. Wedbush upped their target price on Chipotle Mexican Grill from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. They noted that the move was a valuation call. ValuEngine lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Bank of America lowered their target price on Chipotle Mexican Grill from $285.00 to $270.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 7th. Finally, William Blair reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, February 14th. Nine research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $336.05.
Chipotle Mexican Grill (NYSE:CMG) opened at $305.63 on Tuesday. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00. The stock has a market capitalization of $8,630.00, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 2.09 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 7.3% on a year-over-year basis. equities research analysts anticipate that Chipotle Mexican Grill will post 8.32 EPS for the current fiscal year.
In related news, Director Paul T. Cappuccio purchased 500 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was acquired at an average cost of $290.88 per share, with a total value of $145,440.00. Following the transaction, the director now owns 766 shares of the company’s stock, valued at approximately $222,814.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.01% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC grew its stake in Chipotle Mexican Grill by 1,356.7% in the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 407 shares during the period. First Interstate Bank grew its stake in Chipotle Mexican Grill by 111.1% in the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 250 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in Chipotle Mexican Grill by 75.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 246 shares during the period. Mercer Capital Advisers Inc. bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at $183,000. Finally, SeaCrest Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at $197,000. 88.88% of the stock is owned by institutional investors and hedge funds.
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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.
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