Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “buy” rating reaffirmed by analysts at Buckingham Research in a research report issued to clients and investors on Wednesday. They presently have a $547.00 target price on the stock. Buckingham Research’s price target would indicate a potential upside of 31.97% from the company’s previous close.
Several other research analysts have also recently issued reports on CMG. Citigroup Inc. increased their price target on Chipotle Mexican Grill from $488.00 to $517.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Credit Suisse Group restated an “outperform” rating and issued a $500.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, September 13th. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $431.18 price objective for the company in a report on Thursday, September 15th. Zacks Investment Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) cut their price objective on Chipotle Mexican Grill from $445.00 to $395.00 and set a “neutral” rating for the company in a report on Wednesday, September 21st. Seven analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $425.89.
Chipotle Mexican Grill (NYSE:CMG) traded down 0.11% during mid-day trading on Wednesday, reaching $414.04. The company’s stock had a trading volume of 1,068,580 shares. The firm has a 50-day moving average of $389.01 and a 200 day moving average of $402.27. Chipotle Mexican Grill has a 1-year low of $352.96 and a 1-year high of $542.50. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 167.22 and a beta of 0.61.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by $1.32. Chipotle Mexican Grill had a return on equity of 5.46% and a net margin of 1.94%. The business earned $1.04 billion during the quarter, compared to the consensus estimate of $13.71 million. During the same period in the previous year, the company posted $4.59 EPS. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts expect that Chipotle Mexican Grill will post $1.29 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of CMG. UMB Bank N A MO raised its stake in Chipotle Mexican Grill by 68.9% in the second quarter. UMB Bank N A MO now owns 1,569 shares of the company’s stock valued at $632,000 after buying an additional 640 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $242,000. Tufton Capital Management purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $201,000. Strs Ohio increased its position in Chipotle Mexican Grill by 46.7% in the second quarter. Strs Ohio now owns 2,385 shares of the company’s stock valued at $960,000 after buying an additional 759 shares during the last quarter. Finally, Pitcairn Co. increased its position in Chipotle Mexican Grill by 9.1% in the second quarter. Pitcairn Co. now owns 1,539 shares of the company’s stock valued at $620,000 after buying an additional 128 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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