Chipotle Mexican Grill, Inc. (CMG) Given “Hold” Rating at Canaccord Genuity

Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “hold” rating restated by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They presently have a $440.00 target price on the restaurant operator’s stock. Canaccord Genuity’s target price suggests a potential downside of 4.12% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Barclays PLC raised their target price on shares of Chipotle Mexican Grill from $395.00 to $415.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 26th. Cowen and Company raised their target price on shares of Chipotle Mexican Grill from $375.00 to $440.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. J P Morgan Chase & Co raised their target price on shares of Chipotle Mexican Grill from $365.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Vetr upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price on the stock in a report on Monday, May 15th. Finally, Maxim Group restated a “hold” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $452.35.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE CMG) traded down 5.69% during midday trading on Tuesday, hitting $432.81. 998,797 shares of the company were exchanged. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 133.87 and a beta of 0.56. The stock has a 50 day moving average of $475.36 and a 200-day moving average of $431.76. Chipotle Mexican Grill has a 1-year low of $352.96 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted ($0.88) earnings per share. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill will post $8.43 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This news story was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/2655342/chipotle-mexican-grill-inc-cmg-given-hold-rating-at-canaccord-genuity.html.

Several institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its position in Chipotle Mexican Grill by 13.7% in the first quarter. Clearbridge Investments LLC now owns 359,366 shares of the restaurant operator’s stock worth $160,105,000 after buying an additional 43,396 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Chipotle Mexican Grill by 9.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 5,136 shares of the restaurant operator’s stock worth $2,288,000 after buying an additional 461 shares in the last quarter. Boston Common Asset Management LLC boosted its position in Chipotle Mexican Grill by 36.4% in the first quarter. Boston Common Asset Management LLC now owns 9,080 shares of the restaurant operator’s stock worth $4,045,000 after buying an additional 2,421 shares in the last quarter. Bank of Nova Scotia boosted its position in Chipotle Mexican Grill by 42.1% in the first quarter. Bank of Nova Scotia now owns 143,072 shares of the restaurant operator’s stock worth $63,742,000 after buying an additional 42,418 shares in the last quarter. Finally, Financial Advisors Network Inc. boosted its position in Chipotle Mexican Grill by 3,150.0% in the first quarter. Financial Advisors Network Inc. now owns 585 shares of the restaurant operator’s stock worth $290,000 after buying an additional 567 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.