Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received an average recommendation of “Hold” from the forty analysts that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $394.45.
Several analysts have commented on the stock. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $350.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Robert W. Baird reiterated a “hold” rating and set a $340.00 target price (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Stifel Nicolaus assumed coverage on shares of Chipotle Mexican Grill in a research report on Monday, October 2nd. They set a “hold” rating and a $345.00 target price for the company. Finally, Cowen and Company reiterated an “underperform” rating and set a $250.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, October 2nd.
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A number of institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 159.1% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,801 shares of the restaurant operator’s stock valued at $1,170,000 after acquiring an additional 2,334 shares during the period. Lord Abbett & CO. LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $10,887,000. Toronto Dominion Bank raised its holdings in Chipotle Mexican Grill by 24.7% in the 2nd quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock valued at $4,025,000 after acquiring an additional 1,914 shares during the period. Cetera Investment Advisers raised its holdings in Chipotle Mexican Grill by 7.8% in the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 56 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Chipotle Mexican Grill by 945.1% in the 2nd quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock valued at $396,000 after acquiring an additional 860 shares during the period. 90.04% of the stock is currently owned by hedge funds and other institutional investors.
Chipotle Mexican Grill (NYSE CMG) traded up 2.29% during midday trading on Friday, hitting $310.88. The stock had a trading volume of 1,152,370 shares. The company has a market cap of $8.86 billion, a P/E ratio of 66.83 and a beta of 0.60. The stock’s 50-day moving average is $309.88 and its 200-day moving average is $397.56. Chipotle Mexican Grill has a one year low of $295.11 and a one year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. Equities analysts predict that Chipotle Mexican Grill will post $7.52 EPS for the current fiscal year.
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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