Chipotle Mexican Grill (CMG) Downgraded to Sell at Wedbush

Wedbush downgraded shares of Chipotle Mexican Grill (NYSE:CMG) from a hold rating to a sell rating in a report issued on Wednesday morning. They currently have $280.00 target price on the restaurant operator’s stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q1 2018 earnings at $2.19 EPS, Q1 2018 earnings at $1.62 EPS, Q2 2018 earnings at $2.88 EPS, Q2 2018 earnings at $3.08 EPS, Q3 2018 earnings at $1.87 EPS, Q4 2018 earnings at $2.37 EPS, FY2018 earnings at $8.94 EPS, Q1 2019 earnings at $1.96 EPS, Q2 2019 earnings at $3.53 EPS, Q3 2019 earnings at $2.62 EPS, Q4 2019 earnings at $2.85 EPS and FY2019 earnings at $10.95 EPS.

CMG has been the topic of a number of other research reports. ValuEngine downgraded shares of Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Friday, February 2nd. Bank of America cut their price objective on Chipotle Mexican Grill from $285.00 to $270.00 and set an underperform rating for the company in a report on Wednesday. Deutsche Bank set a $240.00 price objective on Chipotle Mexican Grill and gave the company a sell rating in a report on Wednesday, October 25th. Nomura cut their price objective on Chipotle Mexican Grill to $338.00 and set a neutral rating for the company in a report on Thursday, October 19th. Finally, SunTrust Banks reissued a buy rating and set a $340.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday. Ten analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $350.28.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at $255.46 on Wednesday. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $499.00. The firm has a market cap of $7,429.73, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. equities research analysts expect that Chipotle Mexican Grill will post 8.68 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CMG. First Interstate Bank increased its position in Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 250 shares during the period. Bronfman E.L. Rothschild L.P. increased its position 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 worth $165,000 after purchasing an additional 246 shares during the period. Mercer Capital Advisers Inc. acquired a new stake in Chipotle Mexican Grill in the third quarter worth about $183,000. SeaCrest Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $197,000. Finally, Pacer Advisors Inc. increased its position in Chipotle Mexican Grill by 43.2% in the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after purchasing an additional 215 shares during the period. 88.01% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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