Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) have earned a consensus recommendation of “Hold” from the forty-one research firms that are presently covering the stock. Seven analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $462.45.
CMG has been the topic of a number of analyst reports. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Chipotle Mexican Grill in a report on Thursday, September 8th. Vetr downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $452.14 price target on the stock. in a report on Thursday, June 23rd. SunTrust Banks Inc. reiterated a “buy” rating and issued a $550.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 22nd. Credit Suisse Group AG reiterated a “buy” rating and issued a $500.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, June 21st. Finally, Buckingham Research assumed coverage on Chipotle Mexican Grill in a research note on Thursday, June 16th. They set a “buy” rating and a $547.00 target price on the stock.
Hedge funds have recently made changes to their positions in the stock. Ruane Cunniff & Goldfarb Inc. boosted its stake in shares of Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock valued at $235,360,000 after buying an additional 490,487 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Chipotle Mexican Grill by 1.7% in the first quarter. BlackRock Fund Advisors now owns 573,551 shares of the company’s stock worth $270,125,000 after buying an additional 9,848 shares in the last quarter. Generation Investment Management LLP acquired a new stake in Chipotle Mexican Grill during the second quarter worth $230,936,000. TIAA CREF Investment Management LLC boosted its stake in Chipotle Mexican Grill by 17.3% in the second quarter. TIAA CREF Investment Management LLC now owns 428,415 shares of the company’s stock worth $172,548,000 after buying an additional 63,204 shares in the last quarter. Finally, Marsico Capital Management LLC boosted its stake in Chipotle Mexican Grill by 2.0% in the first quarter. Marsico Capital Management LLC now owns 372,629 shares of the company’s stock worth $175,497,000 after buying an additional 7,248 shares in the last quarter. Institutional investors and hedge funds own 96.66% of the company’s stock.
Chipotle Mexican Grill (NYSE:CMG) opened at 427.84 on Monday. The firm has a 50-day moving average price of $414.42 and a 200-day moving average price of $425.69. Chipotle Mexican Grill has a 12-month low of $384.77 and a 12-month high of $757.00. The company has a market cap of $12.46 billion, a P/E ratio of 61.64 and a beta of 0.60.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The company earned $998.40 million during the quarter, compared to analysts’ expectations of $1.06 billion. On average, analysts forecast that Chipotle Mexican Grill will post $0.24 earnings per share for the current fiscal year.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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