Todays Report: The Chipotle Mexican Grill Inc. (CMG) Earns “Neutral” Rating from BTIG Research

The Chipotle Mexican Grill Inc. (CMG) Earns “Neutral” Rating from BTIG Research

BTIG Research reiterated their neutral rating on shares of Chipotle Mexican Grill Inc. (NYSE:CMG) in a research note published on Wednesday morning.

Several other equities analysts have also recently issued reports on CMG. Vetr raised Chipotle Mexican Grill from a buy rating to a strong-buy rating and set a $446.39 target price on the stock in a research note on Tuesday, August 9th. Wedbush reissued an underperform rating and set a $370.00 target price (down from $400.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 17th. Morgan Stanley reissued a hold rating and set a $405.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, August 18th. BMO Capital Markets reissued a buy rating and set a $550.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 1st. Finally, Piper Jaffray Cos. reissued an overweight rating and set a $590.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, July 18th. Eight investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $452.64.

Chipotle Mexican Grill (NYSE:CMG) opened at 370.08 on Wednesday. The firm’s 50-day moving average price is $411.48 and its 200 day moving average price is $419.20. Chipotle Mexican Grill has a 52 week low of $362.82 and a 52 week high of $632.98. The company has a market capitalization of $10.71 billion, a PE ratio of 149.47 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by $1.32. Chipotle Mexican Grill had a net margin of 1.94% and a return on equity of 5.46%. The company earned $1.04 billion during the quarter, compared to the consensus estimate of $13.71 million. During the same quarter in the previous year, the firm posted $4.59 EPS. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill will post $1.62 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in CMG. Ruane Cunniff & Goldfarb Inc. boosted its position in 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 in the last quarter. Generation Investment Management LLP purchased a new position in Chipotle Mexican Grill during the second quarter valued at $230,936,000. TIAA CREF Investment Management LLC boosted its position 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 valued at $172,548,000 after buying an additional 63,204 shares in the last quarter. BlackRock Advisors LLC boosted its position in Chipotle Mexican Grill by 63.6% in the second quarter. BlackRock Advisors LLC now owns 342,178 shares of the company’s stock valued at $137,816,000 after buying an additional 132,993 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Chipotle Mexican Grill by 13.1% in the second quarter. BlackRock Group LTD now owns 304,345 shares of the company’s stock valued at $122,578,000 after buying an additional 35,153 shares in the last quarter. Institutional investors and hedge funds own 96.68% of the company’s stock.

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