Other equities analysts have also issued research reports about the company. Nomura cut their price target on Chipotle Mexican Grill from $510.00 to $480.00 in a research note on Tuesday, June 20th. Mizuho restated a buy rating and set a $533.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. BMO Capital Markets restated a buy rating and set a $550.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, June 22nd. Maxim Group upgraded Chipotle Mexican Grill from a hold rating to a buy rating and raised their price target for the company from $440.00 to $470.00 in a research note on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reiterated a buy rating and issued a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $392.13.
Chipotle Mexican Grill (NYSE:CMG) traded up 3.91% during mid-day trading on Friday, hitting $326.45. 2,118,977 shares of the stock were exchanged. The stock has a 50 day moving average of $311.30 and a 200-day moving average of $394.98. Chipotle Mexican Grill has a 52-week low of $295.11 and a 52-week high of $499.00. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 70.17 and a beta of 0.60.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill will post $7.46 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Chipotle Mexican Grill by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock worth $1,158,031,000 after acquiring an additional 63,636 shares during the period. State Street Corp lifted its position in Chipotle Mexican Grill by 3.7% during the 1st quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after acquiring an additional 44,694 shares during the period. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 59.8% during the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after acquiring an additional 210,872 shares during the period. Carmignac Gestion lifted its position in Chipotle Mexican Grill by 162.5% during the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after acquiring an additional 319,875 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Chipotle Mexican Grill by 169.1% during the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after acquiring an additional 280,300 shares during the period. Hedge funds and other institutional investors own 90.04% of the company’s stock.
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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