Chipotle Mexican Grill (NYSE:CMG) Stock Rating Reaffirmed by Argus

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “buy” rating reiterated by stock analysts at Argus in a research note issued to investors on Thursday, March 21st, Marketbeat reports. They currently have a $770.00 price objective on the restaurant operator’s stock, up from their previous price objective of $670.00. Argus’ price objective suggests a potential upside of 8.11% from the company’s current price.

A number of other equities analysts also recently weighed in on CMG. Canaccord Genuity reissued a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, February 13th. Piper Jaffray Companies reiterated an “overweight” rating and set a $590.00 price target (up from $550.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $500.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, February 11th. BTIG Research upped their target price on Chipotle Mexican Grill from $515.00 to $605.00 and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, BMO Capital Markets upped their target price on Chipotle Mexican Grill from $420.00 to $540.00 and gave the stock a “market perform” rating in a research note on Thursday, February 7th. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $554.55.

Shares of CMG traded down $0.17 during mid-day trading on Thursday, reaching $712.27. The company had a trading volume of 271,800 shares, compared to its average volume of 691,978. Chipotle Mexican Grill has a 1-year low of $318.11 and a 1-year high of $721.21. The company has a market cap of $19.76 billion, a P/E ratio of 78.62, a PEG ratio of 3.23 and a beta of 0.68.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.34. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. Chipotle Mexican Grill’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 EPS. On average, equities analysts predict that Chipotle Mexican Grill will post 12.42 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 20,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $594.65, for a total value of $11,893,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jack Hartung sold 7,150 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $606.77, for a total value of $4,338,405.50. Following the completion of the sale, the chief financial officer now directly owns 45,237 shares in the company, valued at approximately $27,448,454.49. The disclosure for this sale can be found here. Insiders have sold a total of 51,788 shares of company stock worth $31,629,459 in the last three months. 2.21% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $39,000. Captrust Financial Advisors increased its position in shares of Chipotle Mexican Grill by 44.0% during the 4th quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock valued at $72,000 after purchasing an additional 51 shares during the last quarter. Huntington National Bank increased its position in shares of Chipotle Mexican Grill by 19.9% during the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock valued at $73,000 after purchasing an additional 28 shares during the last quarter. Clean Yield Group bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $86,000. Finally, We Are One Seven LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $96,000. 93.07% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated approximately 2,500 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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