Vetr Inc. Upgrades Chipotle Mexican Grill, Inc. (CMG) to “Hold”

Vetr upgraded shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) from a sell rating to a hold rating in a research report released on Tuesday morning. The firm currently has $446.21 price objective on the restaurant operator’s stock.

Several other research analysts have also issued reports on CMG. Instinet dropped their price target on shares of Chipotle Mexican Grill from $372.00 to $333.00 and set a neutral rating for the company in a research report on Wednesday, December 7th. Sanford C. Bernstein reaffirmed an outperform rating and set a $564.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, December 7th. Piper Jaffray Companies set a $483.00 price objective on shares of Chipotle Mexican Grill and gave the stock a buy rating in a report on Tuesday, December 6th. Maxim Group dropped their price objective on shares of Chipotle Mexican Grill from $300.00 to $280.00 and set a sell rating for the company in a report on Monday, December 12th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $375.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, December 12th. Eight analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $415.75.

Chipotle Mexican Grill (NYSE:CMG) traded down 0.04% on Tuesday, hitting $478.20. The stock had a trading volume of 429,405 shares. The firm has a market cap of $13.76 billion, a PE ratio of 621.04 and a beta of 0.59. Chipotle Mexican Grill has a 12-month low of $352.96 and a 12-month high of $483.50. The company’s 50 day moving average is $430.76 and its 200 day moving average is $408.78.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, February 2nd. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Chipotle Mexican Grill had a net margin of 0.59% and a return on equity of 2.60%. The firm earned $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $2.17 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill will post $8.14 EPS for the current fiscal year.

WARNING: “Vetr Inc. Upgrades Chipotle Mexican Grill, Inc. (CMG) to “Hold”” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/04/21/chipotle-mexican-grill-inc-cmg-raised-to-hold-at-vetr-inc-updated.html.

In other news, Director Matthew H. Paull bought 400 shares of the stock in a transaction dated Monday, February 6th. The stock was bought at an average price of $397.71 per share, for a total transaction of $159,084.00. Following the completion of the acquisition, the director now directly owns 416 shares in the company, valued at approximately $165,447.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.58% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 32.7% in the third quarter. Nisa Investment Advisors LLC now owns 8,110 shares of the restaurant operator’s stock valued at $3,435,000 after buying an additional 2,000 shares in the last quarter. National Pension Service increased its stake in shares of Chipotle Mexican Grill by 9.3% in the third quarter. National Pension Service now owns 24,455 shares of the restaurant operator’s stock valued at $10,357,000 after buying an additional 2,084 shares in the last quarter. Trust Co increased its stake in shares of Chipotle Mexican Grill by 2.3% in the second quarter. Trust Co now owns 670 shares of the restaurant operator’s stock valued at $270,000 after buying an additional 15 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of Chipotle Mexican Grill by 8.7% in the third quarter. Beese Fulmer Investment Management Inc. now owns 3,123 shares of the restaurant operator’s stock valued at $1,323,000 after buying an additional 249 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Chipotle Mexican Grill by 1.9% in the third quarter. Cullen Frost Bankers Inc. now owns 695 shares of the restaurant operator’s stock valued at $294,000 after buying an additional 13 shares in the last quarter. Institutional investors own 96.62% of the company’s stock.

About Chipotle Mexican Grill

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.

5 Day Chart for NYSE:CMG

To view Vetr’s full report, visit Vetr’s official website.

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