BMO Capital Markets downgraded shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) from an outperform rating to a market perform rating in a research note released on Wednesday, July 19th, MarketBeat.com reports. BMO Capital Markets currently has $350.00 target price on the restaurant operator’s stock, down from their previous target price of $550.00.
A number of other equities analysts have also commented on the company. Standpoint Research started coverage on Chipotle Mexican Grill in a research note on Wednesday, April 19th. They set a sell rating and a $420.00 price target for the company. Maxim Group raised Chipotle Mexican Grill from a hold rating to a buy rating and increased their price target for the company from $440.00 to $470.00 in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. reissued a market perform rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. BidaskClub lowered Chipotle Mexican Grill from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. Finally, Vetr raised Chipotle Mexican Grill from a hold rating to a buy rating and set a $498.87 price target for the company in a research note on Tuesday, May 30th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $405.15.
Chipotle Mexican Grill (NYSE:CMG) traded down 0.82% during mid-day trading on Wednesday, hitting $320.13. The company’s stock had a trading volume of 1,020,072 shares. The company’s 50 day moving average is $369.27 and its 200-day moving average is $425.91. The stock has a market cap of $9.13 billion, a P/E ratio of 68.82 and a beta of 0.62. Chipotle Mexican Grill has a 52-week low of $317.41 and a 52-week high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, equities analysts predict that Chipotle Mexican Grill will post $7.73 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of CMG. Federated Investors Inc. PA raised its position in shares of Chipotle Mexican Grill by 216.7% in the fourth quarter. Federated Investors Inc. PA now owns 551 shares of the restaurant operator’s stock worth $208,000 after buying an additional 377 shares during the period. RMB Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 134.5% in the fourth quarter. RMB Capital Management LLC now owns 12,569 shares of the restaurant operator’s stock worth $4,743,000 after buying an additional 7,210 shares during the period. Kentucky Retirement Systems purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $793,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $354,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $2,396,000. Institutional investors own 98.37% 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.
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