Chipotle Mexican Grill (NYSE:CMG) Downgraded to “Hold” Rating by Argus

Chipotle Mexican Grill (NYSE:CMG) was downgraded by Argus from a “buy” rating to a “hold” rating in a report issued on Monday,Finviz reports.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada decreased 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 note on Thursday. KeyCorp decreased their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday. Wedbush decreased their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.78.

Chipotle Mexican Grill Trading Up 4.8 %

Shares of CMG opened at $51.93 on Monday. The stock’s 50 day moving average is $50.11 and its two-hundred day moving average is $56.26. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market capitalization of $70.38 billion, a PE ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. On average, sell-side analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 7.1% in the 3rd quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator’s stock worth $1,505,000 after purchasing an additional 1,724 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of Chipotle Mexican Grill by 1,597.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator’s stock valued at $3,814,000 after buying an additional 62,288 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $4,709,000. Arvest Bank Trust Division bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $359,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Chipotle Mexican Grill in the third quarter worth $668,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.