Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Recommendation of “Hold” by Analysts

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Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average recommendation of “Hold” from the thirty-seven research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $703.97.

A number of research firms have weighed in on CMG. Morgan Stanley raised their price objective on shares of Chipotle Mexican Grill from $700.00 to $706.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. BTIG Research raised their price objective on shares of Chipotle Mexican Grill from $790.00 to $845.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Goldman Sachs Group began coverage on shares of Chipotle Mexican Grill in a report on Monday, July 29th. They set a “buy” rating and a $1,000.00 price objective on the stock. Finally, ValuEngine cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st.

In related news, Director Pershing Square Capital Manage sold 80,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, June 28th. The shares were sold at an average price of $726.15, for a total value of $58,092,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jack Hartung sold 1,646 shares of Chipotle Mexican Grill stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $810.00, for a total transaction of $1,333,260.00. Following the completion of the transaction, the chief financial officer now owns 40,237 shares in the company, valued at $32,591,970. The disclosure for this sale can be found here. Insiders sold a total of 157,802 shares of company stock worth $119,632,226 over the last ninety days. Corporate insiders own 2.21% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Commonwealth Bank of Australia grew its position in Chipotle Mexican Grill by 77.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 17 shares during the last quarter. Bremer Bank National Association purchased a new position in Chipotle Mexican Grill in the 1st quarter valued at $33,000. Horan Capital Advisors LLC. purchased a new position in Chipotle Mexican Grill in the 1st quarter valued at $36,000. CWM LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter valued at $36,000. Finally, FNY Investment Advisers LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

NYSE:CMG traded up $7.31 during mid-day trading on Tuesday, hitting $817.20. The stock had a trading volume of 329,800 shares, compared to its average volume of 575,359. The stock has a 50-day simple moving average of $768.59 and a two-hundred day simple moving average of $693.60. The company has a market capitalization of $22.45 billion, a PE ratio of 90.20, a PEG ratio of 3.27 and a beta of 0.72. Chipotle Mexican Grill has a twelve month low of $383.20 and a twelve month high of $822.88. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.31. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company earned $2.87 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill will post 13.26 EPS for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. 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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