Redburn Atlantic started coverage on shares of Chipotle Mexican Grill (NYSE:CMG - Free Report) in a report issued on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $55.00 price target on the restaurant operator's stock.
A number of other equities research analysts have also recently issued reports on the company. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. UBS Group dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Finally, TD Securities decreased their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.37.
View Our Latest Research Report on Chipotle Mexican Grill
Chipotle Mexican Grill Stock Up 2.4%
Chipotle Mexican Grill stock traded up $1.19 during mid-day trading on Tuesday, hitting $51.81. 12,378,663 shares of the stock were exchanged, compared to its average volume of 13,490,654. The firm's fifty day simple moving average is $50.12 and its two-hundred day simple moving average is $54.51. The stock has a market capitalization of $69.81 billion, a price-to-earnings ratio of 46.67, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill has a 12 month low of $44.46 and a 12 month high of $69.26.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $13.37 EPS. As a group, analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.
Insider Activity
In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.
Hedge Funds Weigh In On Chipotle Mexican Grill
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $27,000. 1248 Management LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $27,000. HighMark Wealth Management LLC boosted its position in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares during the period. Finally, North Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $30,000. 91.31% of the stock is owned by institutional investors and hedge funds.
About Chipotle Mexican Grill
(
Get Free Report)
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.
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