CMG has been the subject of several other research reports. Wells Fargo & Company reiterated a market perform rating and set a $470.00 price target on shares of Chipotle Mexican Grill in a report on Friday, July 14th. BidaskClub cut shares of Chipotle Mexican Grill from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Chipotle Mexican Grill from a hold rating to a sell rating in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. restated a market perform rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. Finally, Mizuho set a $533.00 target price on shares of Chipotle Mexican Grill and gave the company a buy rating in a report on Monday, July 17th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $356.06.
Shares of Chipotle Mexican Grill (NYSE CMG) opened at $279.51 on Thursday. Chipotle Mexican Grill has a 52-week low of $263.00 and a 52-week high of $499.00. The company has a market cap of $7,996.98, a price-to-earnings ratio of 48.84, a P/E/G ratio of 2.44 and a beta of 0.44.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. research analysts forecast that Chipotle Mexican Grill will post 6.63 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. Korea Investment CORP lifted its stake in shares of Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 55 shares during the period. First Interstate Bank raised its position in shares of Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 250 shares during the period. Blue Sky Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $200,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $205,000. 88.58% of the stock is currently owned by institutional investors and hedge funds.
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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