Chipotle Mexican Grill (CMG) Rating Increased to Hold at ValuEngine

Chipotle Mexican Grill (NYSE:CMG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

CMG has been the topic of a number of other reports. Goldman Sachs restated a “neutral” rating and issued a $285.00 price target (down from $330.00) on shares of Chipotle Mexican Grill in a research report on Thursday, February 8th. Wedbush boosted their price target on shares of Chipotle Mexican Grill from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. They noted that the move was a valuation call. JPMorgan Chase restated a “hold” rating and issued a $365.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday. Barclays boosted their price target on shares of Chipotle Mexican Grill from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Bank of America reduced their price target on shares of Chipotle Mexican Grill from $285.00 to $270.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 7th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eight have issued a buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus target price of $352.58.

NYSE CMG opened at $422.50 on Friday. The stock has a market capitalization of $9,303.57, a P/E ratio of 64.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.56. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. equities analysts expect that Chipotle Mexican Grill will post 8.25 EPS for the current year.

In other news, Director Ali Namvar bought 3,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $317.70 per share, with a total value of $953,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pershing Square Capital Manage bought 420,322 shares of the stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $318.14 per share, with a total value of $133,721,241.08. The disclosure for this purchase can be found here. Insiders purchased 423,822 shares of company stock worth $134,819,781 over the last 90 days. 2.19% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Sharkey Howes & Javer increased its stake in Chipotle Mexican Grill by 953.9% in the fourth quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock valued at $115,000 after purchasing an additional 11,447 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in Chipotle Mexican Grill by 1,356.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 407 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Chipotle Mexican Grill by 75.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 246 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $197,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Chipotle Mexican Grill by 71.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 318 shares in the last quarter. 84.45% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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