Chipotle Mexican Grill (CMG) Stock Rating Upgraded by ValuEngine


Chipotle Mexican Grill (NYSE:CMG) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Several other equities research analysts have also recently issued reports on the company. Maxim Group restated a “hold” rating and set a $510.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, January 16th. Canaccord Genuity restated a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, November 14th. Bank of America set a $340.00 price objective on Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Friday, October 26th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective (up previously from $465.00) on shares of Chipotle Mexican Grill in a report on Friday, January 11th. Finally, Barclays raised their price objective on Chipotle Mexican Grill from $360.00 to $400.00 and gave the stock an “equal weight” rating in a report on Friday, October 26th. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $501.39.


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CMG stock opened at $582.77 on Friday. Chipotle Mexican Grill has a 52-week low of $247.51 and a 52-week high of $606.00. The firm has a market cap of $16.28 billion, a PE ratio of 64.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $1.34 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill will post 12.09 EPS for the current fiscal year.


Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc lifted its stake in shares of Chipotle Mexican Grill by 1.9% during the third quarter. Vanguard Group Inc now owns 2,590,430 shares of the restaurant operator’s stock worth $1,177,403,000 after purchasing an additional 47,822 shares in the last quarter. FMR LLC lifted its stake in shares of Chipotle Mexican Grill by 10.2% during the second quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock worth $698,995,000 after purchasing an additional 149,725 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Chipotle Mexican Grill by 4.2% during the fourth quarter. BlackRock Inc. now owns 1,615,632 shares of the restaurant operator’s stock worth $697,615,000 after purchasing an additional 64,606 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Chipotle Mexican Grill by 128.5% during the third quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after purchasing an additional 466,849 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Chipotle Mexican Grill by 255.0% during the third quarter. Renaissance Technologies LLC now owns 792,000 shares of the restaurant operator’s stock worth $359,980,000 after purchasing an additional 568,900 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.


About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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