Chipotle Mexican Grill, Inc. (CMG) Receives Average Rating of “Hold” from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned an average recommendation of “Hold” from the thirty-six brokerages that are currently covering the firm. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $414.01.

Several analysts recently weighed in on CMG shares. Instinet dropped their target price on shares of Chipotle Mexican Grill from $372.00 to $333.00 and set a “neutral” rating for the company in a report on Wednesday, December 7th. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $415.03 target price for the company in a report on Tuesday, December 27th. Sanford C. Bernstein set a $564.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Tuesday, December 13th. Wells Fargo & Co reiterated an “outperform” rating and issued a $460.00 target price (up previously from $430.00) on shares of Chipotle Mexican Grill in a report on Saturday, January 28th. Finally, Deutsche Bank AG set a $280.00 target price on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a report on Tuesday, March 14th.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 396.37 on Thursday. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $481.63. The stock’s 50 day moving average price is $413.96 and its 200 day moving average price is $404.40. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 514.77 and a beta of 0.59.

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

In other Chipotle Mexican Grill news, Director Matthew H. Paull bought 400 shares of Chipotle Mexican Grill stock in a transaction dated Monday, February 6th. The stock was acquired at an average cost of $397.71 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.58% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in CMG. Cornerstone Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 122.3% in the third quarter. Cornerstone Advisors Inc. now owns 389 shares of the company’s stock worth $165,000 after buying an additional 214 shares during the last quarter. First Interstate Bank boosted its stake in shares of Chipotle Mexican Grill by 1,800.0% in the fourth quarter. First Interstate Bank now owns 475 shares of the company’s stock worth $179,000 after buying an additional 450 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Chipotle Mexican Grill by 5.5% in the third quarter. Tompkins Financial Corp now owns 440 shares of the company’s stock worth $186,000 after buying an additional 23 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Chipotle Mexican Grill by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 444 shares of the company’s stock worth $188,000 after buying an additional 3 shares during the last quarter. Finally, FNY Partners Fund LP acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $189,000. 96.62% 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.

5 Day Chart for NYSE:CMG

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