Chipotle Mexican Grill’s (CMG) “Hold” Rating Reaffirmed at Credit Suisse Group AG

Credit Suisse Group AG reaffirmed their hold rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report sent to investors on Friday morning. They currently have a $375.00 price objective on the stock.

A number of other analysts have also commented on CMG. Maxim Group reduced their price objective on shares of Chipotle Mexican Grill from $300.00 to $280.00 and set a sell rating for the company in a research note on Monday, December 12th. Canaccord Genuity reissued a hold rating and issued a $375.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, December 12th. Sanford C. Bernstein set a $564.00 price target on shares of Chipotle Mexican Grill and gave the stock a buy rating in a research report on Tuesday, December 13th. Buckingham Research reissued a buy rating and issued a $547.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, December 13th. Finally, Deutsche Bank AG reissued a sell rating and issued a $280.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, December 15th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $413.52.

Chipotle Mexican Grill (NYSE:CMG) opened at 458.35 on Friday. Chipotle Mexican Grill has a 52-week low of $352.96 and a 52-week high of $469.98. The stock’s 50 day moving average is $423.60 and its 200-day moving average is $406.93. The firm has a market capitalization of $13.19 billion, a PE ratio of 595.26 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Chipotle Mexican Grill had a net margin of 0.59% and a return on equity of 2.60%. The company earned $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm earned $2.17 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill will post $8.14 earnings per share for the current year.

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In related news, Director Matthew H. Paull acquired 400 shares of the stock in a transaction dated Monday, February 6th. The shares were acquired at an average price of $397.71 per share, for a total transaction of $159,084.00. Following the completion of the purchase, the director now owns 416 shares in the company, valued at approximately $165,447.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.58% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in Chipotle Mexican Grill by 27.5% in the fourth quarter. FMR LLC now owns 3,281,840 shares of the company’s stock worth $1,238,304,000 after buying an additional 707,970 shares during the period. State Street Corp raised its stake in Chipotle Mexican Grill by 2.0% in the fourth quarter. State Street Corp now owns 1,192,823 shares of the company’s stock worth $450,073,000 after buying an additional 23,087 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Chipotle Mexican Grill by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 796,250 shares of the company’s stock worth $337,212,000 after buying an additional 6,019 shares during the period. Pershing Square Capital Management L.P. bought a new stake in Chipotle Mexican Grill during the third quarter worth $234,709,000. Finally, BlackRock Fund Advisors raised its stake in Chipotle Mexican Grill by 2.7% in the third quarter. BlackRock Fund Advisors now owns 547,802 shares of the company’s stock worth $231,994,000 after buying an additional 14,275 shares during the period. 96.62% of the stock is owned by hedge funds and other institutional investors.

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.