Chipotle Mexican Grill, Inc. (CMG) Stock Rating Lowered by BMO Capital Markets

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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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