Chipotle Mexican Grill (NYSE:CMG) Lowered to Hold Rating by Argus

Argus cut shares of Chipotle Mexican Grill (NYSE:CMG) from a buy rating to a hold rating in a research report released on Monday morning, MarketBeat reports.

A number of other equities analysts have also commented on the stock. TD Securities cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Royal Bank of Canada reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Stephens dropped their target price on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.78.

Chipotle Mexican Grill Trading Down 1.7 %

Shares of Chipotle Mexican Grill stock opened at $50.88 on Monday. The stock has a market capitalization of $68.96 billion, a P/E ratio of 45.83, a PEG ratio of 2.04 and a beta of 1.27. The business’s fifty day moving average price is $50.05 and its 200 day moving average price is $56.21. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Chipotle Mexican Grill’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $13.37 earnings per share. As a group, sell-side analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tortoise Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after acquiring an additional 176 shares during the period. Traynor Capital Management Inc. lifted its holdings in Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after acquiring an additional 181 shares during the last quarter. BTC Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in shares of Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock worth $310,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.