Chipotle Mexican Grill (NYSE:CMG) had its target price increased by Wedbush from $400.00 to $440.00 in a research note published on Monday, February 4th. The brokerage currently has an underperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.51 EPS, FY2018 earnings at $8.67 EPS, Q1 2019 earnings at $2.54 EPS, Q2 2019 earnings at $3.76 EPS, Q3 2019 earnings at $3.24 EPS, Q4 2019 earnings at $2.47 EPS, FY2019 earnings at $12.02 EPS, Q1 2020 earnings at $3.26 EPS, Q2 2020 earnings at $4.66 EPS, Q3 2020 earnings at $3.84 EPS, Q4 2020 earnings at $3.32 EPS and FY2020 earnings at $15.08 EPS.
Several other analysts have also issued reports on the company. Maxim Group restated a hold rating and issued a $510.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, January 16th. Canaccord Genuity restated a hold rating on shares of Chipotle Mexican Grill in a research note on Wednesday, November 14th. Bank of America set a $340.00 price target on Chipotle Mexican Grill and gave the company a sell rating in a research report on Friday, October 26th. Telsey Advisory Group reiterated an outperform rating and issued a $500.00 price target (up from $465.00) on shares of Chipotle Mexican Grill in a research report on Friday, January 11th. Finally, Barclays lifted their price target on Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an equal weight rating in a research report on Friday, October 26th. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill has an average rating of Hold and an average price target of $512.47.
Shares of CMG traded up $4.10 on Monday, reaching $611.63. 501,903 shares of the company’s stock traded hands, compared to its average volume of 803,086. Chipotle Mexican Grill has a 52-week low of $307.70 and a 52-week high of $613.70. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 67.51, a PEG ratio of 2.79 and a beta of 0.60.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.34. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill will post 12.21 EPS for the current year.
In other news, Director Pershing Square Capital Manage sold 20,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $594.65, for a total value of $11,893,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jack Hartung sold 7,150 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $606.77, for a total value of $4,338,405.50. Following the completion of the sale, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at approximately $27,448,454.49. The disclosure for this sale can be found here. Insiders sold a total of 39,130 shares of company stock valued at $23,448,757 over the last quarter. Company insiders own 2.19% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank raised its position in Chipotle Mexican Grill by 4.5% during the 4th quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 20 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 4.9% during the 4th quarter. Bessemer Group Inc. now owns 447 shares of the restaurant operator’s stock worth $193,000 after acquiring an additional 21 shares during the period. Huntington National Bank grew its holdings in shares of Chipotle Mexican Grill by 19.9% during the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 28 shares during the period. Emerald Advisers LLC grew its holdings in shares of Chipotle Mexican Grill by 1.7% during the 4th quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock worth $1,060,000 after acquiring an additional 40 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Chipotle Mexican Grill by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock worth $2,705,000 after acquiring an additional 42 shares during the period. 92.70% of the stock is owned by institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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