Several other brokerages have also recently weighed in on CMG. Wells Fargo & Company reissued a market perform rating and issued a $470.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. BidaskClub cut shares of Chipotle Mexican Grill from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reissued a market perform rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Finally, Mizuho set a $533.00 price objective on shares of Chipotle Mexican Grill and gave the stock a buy rating in a research note on Monday, July 17th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of Hold and a consensus price target of $356.06.
Shares of Chipotle Mexican Grill (CMG) opened at $279.45 on Thursday. Chipotle Mexican Grill has a one year low of $264.90 and a one year high of $499.00. The firm has a market cap of $7,889.71, a price-to-earnings ratio of 48.18, a P/E/G ratio of 2.42 and a beta of 0.44.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts anticipate that Chipotle Mexican Grill will post 6.59 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Korea Investment CORP boosted its holdings in Chipotle Mexican Grill by 140.2% in the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Chipotle Mexican Grill by 15.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares during the period. First Interstate Bank boosted its holdings in Chipotle Mexican Grill by 111.1% in the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after buying an additional 250 shares during the period. Blue Sky Asset Management LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $200,000. Finally, CIBC World Markets Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $205,000. 90.31% of the stock is owned by hedge funds and other institutional investors.
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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