StockNews.com Downgrades Chipotle Mexican Grill (NYSE:CMG) to Hold

Chipotle Mexican Grill (NYSE:CMG) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

CMG has been the topic of a number of other research reports. Barclays lifted their price target on Chipotle Mexican Grill from $48.00 to $57.30 and gave the company an “equal weight” rating in a report on Thursday, April 25th. TD Cowen lowered their target price on Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Argus increased their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Jefferies Financial Group boosted their price objective on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.29.

Chipotle Mexican Grill Trading Up 0.3 %

NYSE CMG opened at $61.60 on Thursday. Chipotle Mexican Grill has a 1 year low of $35.37 and a 1 year high of $69.26. The company has a market cap of $84.60 billion, a PE ratio of 65.73, a PEG ratio of 2.49 and a beta of 1.24. The stock’s 50-day moving average price is $127.91 and its two-hundred day moving average price is $78.65.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Research analysts forecast that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, COO Scott Boatwright sold 55,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.80, for a total value of $3,509,176.00. Following the transaction, the chief operating officer now directly owns 120,600 shares in the company, valued at $7,694,665.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.72, for a total value of $20,409,003.52. Following the sale, the chief executive officer now directly owns 1,133,450 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott Boatwright sold 55,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the transaction, the chief operating officer now owns 120,600 shares in the company, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders sold 550,750 shares of company stock worth $35,023,769 over the last ninety days. Company insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 8.5% in the third quarter. Lido Advisors LLC now owns 1,050 shares of the restaurant operator’s stock valued at $1,924,000 after purchasing an additional 82 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Chipotle Mexican Grill by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 14,297 shares of the restaurant operator’s stock worth $26,202,000 after acquiring an additional 832 shares during the period. Toroso Investments LLC boosted its position in shares of Chipotle Mexican Grill by 130.3% during the 3rd quarter. Toroso Investments LLC now owns 1,202 shares of the restaurant operator’s stock valued at $2,202,000 after acquiring an additional 680 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Chipotle Mexican Grill by 3.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 2,014 shares of the restaurant operator’s stock valued at $3,690,000 after acquiring an additional 65 shares during the period. Finally, Financial Gravity Asset Management Inc. raised its position in Chipotle Mexican Grill by 362.7% in the third quarter. Financial Gravity Asset Management Inc. now owns 12,539 shares of the restaurant operator’s stock worth $22,969,000 after purchasing an additional 9,829 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Company Profile

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.