Argus Reiterates “Hold” Rating for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating restated by research analysts at Argus in a research note issued to investors on Thursday,Benzinga reports.

Several other research firms have also issued reports on CMG. Royal Bank Of Canada dropped their target price on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Twenty-two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.24.

Chipotle Mexican Grill Stock Up 2.5%

Shares of CMG stock opened at $39.42 on Thursday. Chipotle Mexican Grill has a 12 month low of $29.75 and a 12 month high of $59.09. The company’s fifty day simple moving average is $37.79 and its 200-day simple moving average is $38.89. The firm has a market cap of $51.34 billion, a PE ratio of 34.58, a P/E/G ratio of 2.47 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently modified their holdings of the stock. Sarasin & Partners LLP lifted its stake in shares of Chipotle Mexican Grill by 1.1% in the 3rd quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock valued at $102,348,000 after acquiring an additional 27,366 shares during the last quarter. Rexford Capital Inc. increased its holdings in Chipotle Mexican Grill by 3,266.1% in the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after purchasing an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA raised its position in Chipotle Mexican Grill by 76.3% in the third quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock valued at $13,333,000 after purchasing an additional 154,512 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Chipotle Mexican Grill by 7.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock valued at $145,793,000 after purchasing an additional 171,466 shares in the last quarter. Finally, Dillon & Associates Inc. boosted its stake in shares of Chipotle Mexican Grill by 5.1% during the second quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock valued at $16,096,000 after purchasing an additional 14,037 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.