Chipotle Mexican Grill, Inc. (NYSE:CMG) Downgraded by Argus
Argus lowered shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) from a buy rating to a hold rating in a report published on Friday morning, Marketbeat reports. They currently have $365.05 price target on the restaurant operator’s stock, up from their prior price target of $352.96.
Other analysts have also issued reports about the company. Vetr upgraded Chipotle Mexican Grill from a sell rating to a hold rating and set a $493.69 price objective for the company in a report on Monday, May 15th. ValuEngine upgraded Chipotle Mexican Grill from a sell rating to a hold rating in a report on Friday, June 2nd. Stephens increased their price objective on Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an underweight rating in a report on Wednesday, April 26th. Royal Bank Of Canada upgraded Chipotle Mexican Grill from a hold rating to an outperform rating in a report on Thursday, April 27th. Finally, Nomura restated a hold rating and set a $510.00 target price on shares of Chipotle Mexican Grill in a report on Friday, April 28th. Nine equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average target price of $426.97.
Chipotle Mexican Grill (NYSE:CMG) opened at 345.34 on Friday. The stock has a 50 day moving average price of $427.08 and a 200-day moving average price of $434.55. The firm has a market capitalization of $9.90 billion, a PE ratio of 106.82 and a beta of 0.64. Chipotle Mexican Grill has a 12-month low of $344.21 and a 12-month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.32. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted ($0.88) EPS. On average, equities research analysts forecast that Chipotle Mexican Grill will post $7.96 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. FNY Managed Accounts LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at about $107,000. Harbour Capital Advisors LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in 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 valued at $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp raised its stake in Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. acquired a new stake in Chipotle Mexican Grill during the first quarter valued at about $178,000. 95.71% of the stock is currently owned by institutional investors.
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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