Wells Fargo & Co reiterated their market perform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued to investors on Thursday. The firm currently has a $290.00 price target on the restaurant operator’s stock, up from their prior price target of $270.00. The analysts noted that the move was a valuation call.
CMG has been the subject of several other reports. ValuEngine cut Chipotle Mexican Grill from a hold rating to a sell rating in a report on Sunday, December 31st. Maxim Group restated a buy rating and issued a $425.00 target price (up from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. Zacks Investment Research upgraded Chipotle Mexican Grill from a strong sell rating to a hold rating in a report on Thursday, November 16th. Canaccord Genuity restated a hold rating on shares of Chipotle Mexican Grill in a report on Thursday, November 9th. Finally, Raymond James Financial upgraded Chipotle Mexican Grill from an underperform rating to a market perform rating in a report on Friday, January 19th. Eight equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have issued a buy rating to the company. Chipotle Mexican Grill has a consensus rating of Hold and a consensus price target of $336.98.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at $322.16 on Thursday. The stock has a market capitalization of $8,998.02, a price-to-earnings ratio of 48.89, a price-to-earnings-growth ratio of 2.20 and a beta of 0.59. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00.
In related news, Director Paul T. Cappuccio purchased 500 shares of Chipotle Mexican Grill stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $290.88 per share, with a total value of $145,440.00. Following the transaction, the director now directly owns 766 shares of the company’s stock, valued at $222,814.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pershing Square Capital Manage purchased 420,322 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 423,822 shares of company stock worth $134,819,781. 2.01% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Griffin Asset Management Inc. acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at about $524,000. Janus Henderson Group PLC raised its position in Chipotle Mexican Grill by 332.5% in the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after purchasing an additional 124,330 shares in the last quarter. Stifel Financial Corp raised its position in Chipotle Mexican Grill by 72.8% in the 3rd quarter. Stifel Financial Corp now owns 8,677 shares of the restaurant operator’s stock valued at $2,757,000 after purchasing an additional 3,657 shares in the last quarter. Principal Financial Group Inc. raised its position in Chipotle Mexican Grill by 196.5% in the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after purchasing an additional 177,530 shares in the last quarter. Finally, Archon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at about $7,834,000. 84.12% of the stock is currently owned by 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.
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.