Chipotle Mexican Grill’s (CMG) Neutral Rating Reiterated at Robert W. Baird
Robert W. Baird reissued their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report released on Friday. They currently have a $425.00 price target on the restaurant operator’s stock, down from their prior price target of $490.00.
Several other equities research analysts have also weighed in on CMG. UBS AG reaffirmed a neutral rating and issued a $410.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. Telsey Advisory Group raised Chipotle Mexican Grill from a market perform rating to an outperform rating and set a $440.00 target price on the stock in a research report on Wednesday. Oppenheimer Holdings, Inc. reissued a market perform rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. Argus lowered Chipotle Mexican Grill from a buy rating to a hold rating and raised their price target for the company from $352.96 to $365.05 in a report on Friday. Finally, Standpoint Research raised Chipotle Mexican Grill from a sell rating to an underperform rating and set a $420.00 price target on the stock in a report on Tuesday. Nine analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $431.50.
Shares of Chipotle Mexican Grill (CMG) traded down 3.01% during midday trading on Friday, hitting $345.34. 3,198,286 shares of the company’s stock traded hands. Chipotle Mexican Grill has a 52 week low of $344.21 and a 52 week high of $499.00. The stock has a market cap of $9.90 billion, a P/E ratio of 106.82 and a beta of 0.64. The company has a 50 day moving average of $427.08 and a 200 day moving average of $434.55.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned ($0.88) earnings per share. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill will post $8.03 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of CMG. FNY Managed Accounts LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth $107,000. Harbour Capital Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the last quarter. Finally, Sphera Funds Management LTD. bought a new position in shares of Chipotle Mexican Grill during the first quarter worth $178,000. 95.62% of the stock is currently owned by institutional investors and hedge funds.
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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