Chipotle Mexican Grill (NYSE:CMG) has been given a $275.00 price objective by equities researchers at UBS Group in a research note issued to investors on Wednesday, February 14th, www.tipranks.com reports. The brokerage currently has a “sell” rating on the restaurant operator’s stock. UBS Group’s price target indicates a potential downside of 12.93% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Wedbush reiterated a “hold” rating and set a $285.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, February 14th. Piper Jaffray Companies set a $318.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Goldman Sachs Group restated a “neutral” rating and issued a $285.00 price objective (down previously from $330.00) on shares of Chipotle Mexican Grill in a report on Thursday, February 8th. Finally, Barclays cut their price objective on shares of Chipotle Mexican Grill from $325.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Eight analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $337.30.
Chipotle Mexican Grill (CMG) traded up $1.91 during trading on Wednesday, reaching $315.82. 955,338 shares of the company’s stock traded hands, compared to its average volume of 1,630,000. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $499.00. The company has a market capitalization of $8,820.00, a P/E ratio of 51.27, a PEG ratio of 2.14 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities research analysts forecast that Chipotle Mexican Grill will post 8.32 EPS for the current year.
In other news, Director Paul T. Cappuccio acquired 500 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $290.88 per share, with a total value of $145,440.00. Following the completion of the purchase, the director now directly owns 766 shares in the company, valued at approximately $222,814.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ali Namvar acquired 3,000 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average cost of $317.70 per share, with a total value of $953,100.00. The disclosure for this purchase can be found here. Corporate insiders own 2.01% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sharkey Howes & Javer grew its stake in Chipotle Mexican Grill by 953.9% during the fourth quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock valued at $115,000 after acquiring an additional 11,447 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in Chipotle Mexican Grill by 1,356.7% during the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 407 shares in the last quarter. First Interstate Bank grew its stake in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 246 shares in the last quarter. Finally, Mercer Capital Advisers Inc. purchased a new position in Chipotle Mexican Grill during the third quarter valued at $183,000. 88.88% of the stock is owned by hedge funds and other institutional investors.
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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.
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