Chipotle Mexican Grill Inc. (NYSE:CMG) was downgraded by analysts at Vetr from a "strong-buy" rating to a "buy" rating in a report released on Friday, MarketBeat.com reports. They currently have a $444.51 price target on the stock. Vetr's target price points to a potential upside of 11.62% from the stock's current price.
Several other analysts also recently issued reports on CMG. JPMorgan Chase & Co (NYSE:JPM). raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $465.00 to $510.00 in a research note on Thursday, April 14th. Credit Suisse (SIX:CSGN) reissued an "outperform" rating and set a $550.00 target price on shares of Chipotle Mexican Grill in a research note on Saturday, April 16th. Cowen and Company reissued a "hold" rating on shares of Chipotle Mexican Grill in a research note on Sunday, April 17th. Wells Fargo (NYSE:WFC) & Co. reissued a "buy" rating and set a $590.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, April 25th. Finally, Stephens reissued an "underweight" rating and set a $375.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, April 26th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have given a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and a consensus price target of $490.76.
Shares of Chipotle Mexican Grill opened at 398.22 on Friday, MarketBeat.com reports. Chipotle Mexican Grill has a 52 week low of $384.77 and a 52 week high of $758.27. The firm has a market capitalization of $11.59 billion and a price-to-earnings ratio of 57.37. The stock has a 50 day moving average price of $408.57 and a 200-day moving average price of $446.85.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by $0.06. The business had revenue of $998.40 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts anticipate that Chipotle Mexican Grill will post $3.88 EPS for the current year.
In other news, CEO Steve Ells sold 21,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $440.26, for a total transaction of $9,245,460.00. Following the sale, the chief executive officer now directly owns 122,043 shares of the company's stock, valued at $53,730,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors have made changes to their positions in the stock. Carnick & Kubik LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $160,000. Cribstone Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $145,000. Tufton Capital Management acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $201,000. First Republic Investment Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $256,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $275,000.
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.