Chipotle Mexican Grill (NYSE:CMG) Cut to “Hold” at Argus

Argus cut shares of Chipotle Mexican Grill (NYSE:CMG) from a buy rating to a hold rating in a report issued on Monday, MarketBeat reports.

A number of other research firms also recently issued reports on CMG. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Evercore ISI decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Stephens cut their price target on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. TD Securities decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.74.

Chipotle Mexican Grill Stock Down 0.3 %

Shares of CMG opened at $50.50 on Monday. Chipotle Mexican Grill has a 12 month low of $44.46 and a 12 month high of $69.26. The company’s fifty day moving average is $49.99 and its 200-day moving average is $56.13. The firm has a market cap of $68.04 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $13.37 EPS. As a group, research analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cerity Partners LLC increased its position in shares of Chipotle Mexican Grill by 8.9% during the 1st quarter. Cerity Partners LLC now owns 650,774 shares of the restaurant operator’s stock valued at $32,675,000 after purchasing an additional 53,120 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Chipotle Mexican Grill in the first quarter worth $2,231,000. Alps Advisors Inc. raised its stake in shares of Chipotle Mexican Grill by 16.8% in the first quarter. Alps Advisors Inc. now owns 7,233 shares of the restaurant operator’s stock valued at $363,000 after buying an additional 1,039 shares during the period. LBP AM SA boosted its holdings in Chipotle Mexican Grill by 7.8% in the 1st quarter. LBP AM SA now owns 17,255 shares of the restaurant operator’s stock worth $866,000 after buying an additional 1,251 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in Chipotle Mexican Grill by 197.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,909 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 1,267 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

About Chipotle Mexican Grill

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.