Chipotle Mexican Grill, Inc. (NYSE:CMG) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $317.29 and last traded at $317.11, with a volume of 646,965 shares traded. The stock had previously closed at $317.92.
A number of research firms recently weighed in on CMG. SunTrust Banks, Inc. upped their target price on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Mizuho reissued a “buy” rating and issued a $533.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Maxim Group reissued a “hold” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus target price of $405.15.
The company has a market capitalization of $8.98 billion, a P/E ratio of 67.71 and a beta of 0.62. The stock has a 50 day moving average of $363.76 and a 200 day moving average of $424.39.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. Chipotle Mexican Grill’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post $7.73 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised its stake in Chipotle Mexican Grill by 8.9% in the first quarter. Glen Harbor Capital Management LLC now owns 784 shares of the restaurant operator’s stock valued at $349,000 after buying an additional 64 shares during the last quarter. ProShare Advisors LLC raised its stake in Chipotle Mexican Grill by 113.1% in the first quarter. ProShare Advisors LLC now owns 5,518 shares of the restaurant operator’s stock valued at $2,458,000 after buying an additional 2,929 shares during the last quarter. IFC Holdings Incorporated FL purchased a new stake in Chipotle Mexican Grill during the first quarter valued at about $371,000. First Manhattan Co. raised its stake in Chipotle Mexican Grill by 80.5% in the first quarter. First Manhattan Co. now owns 1,435 shares of the restaurant operator’s stock valued at $607,000 after buying an additional 640 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Chipotle Mexican Grill by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 774 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.
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Chipotle Mexican Grill Company Profile
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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