Chipotle Mexican Grill, Inc. (NYSE:CMG) Given “Neutral” Rating at J P Morgan Chase & Co
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reissued by equities research analysts at J P Morgan Chase & Co in a research note issued to investors on Wednesday. They currently have a $380.00 target price on the restaurant operator’s stock, down from their previous target price of $390.00. J P Morgan Chase & Co’s price objective would indicate a potential upside of 9.00% from the stock’s current price.
Several other research analysts have also weighed in on CMG. Vetr lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $436.84 price target on the stock. in a research report on Tuesday, March 28th. UBS AG reaffirmed a “neutral” rating and set a $410.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. Credit Suisse Group reaffirmed a “hold” rating and set a $375.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, April 7th. Jefferies Group LLC reaffirmed a “sell” rating and set a $300.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, April 12th. Finally, Maxim Group boosted their price target on Chipotle Mexican Grill from $390.00 to $430.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $411.06.
Shares of Chipotle Mexican Grill (NYSE CMG) traded down 1.31% during trading on Wednesday, reaching $344.04. The company’s stock had a trading volume of 2,064,310 shares. The company has a market cap of $9.86 billion, a PE ratio of 106.42 and a beta of 0.64. Chipotle Mexican Grill has a 52 week low of $336.52 and a 52 week high of $499.00. The stock’s 50 day moving average price is $419.18 and its 200 day moving average price is $434.34.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS. Equities research analysts predict that Chipotle Mexican Grill will post $7.90 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth about $107,000. Harbour Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted 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 boosted 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. purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth about $178,000. 95.71% of the stock is 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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