Telsey Advisory Group Downgrades Chipotle Mexican Grill, Inc. (NYSE:CMG) to Market Perform

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Chipotle Mexican Grill, Inc. logoTelsey Advisory Group reduce shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) from an outperform ranking to a market carry out ranking in a report launched on Wednesday, October 25th, Marketbeat.com stories. They presently have $330.00 goal value on the restaurant operator’s inventory, down from their prior goal value of $370.00.

Other equities badysts have additionally just lately issued badysis stories in regards to the firm. UBS AG lowered their value goal on Chipotle Mexican Grill from $460.00 to $445.00 and set a impartial ranking for the corporate in a report on Tuesday, June 27th. BTIG Research reaffirmed a impartial ranking on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Bank of America Corporation reaffirmed a impartial ranking and issued a $390.00 goal value (down beforehand from $425.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Wells Fargo & Company reduce Chipotle Mexican Grill from an outperform ranking to a market carry out ranking and lowered their goal value for the inventory from $470.00 to $375.00 in a report on Wednesday, July 19th. They famous that the transfer was a valuation name. Finally, Tigress Financial reaffirmed a impartial ranking on shares of Chipotle Mexican Grill in a report on Saturday, July 22nd. Eight badysis badysts have rated the inventory with a promote ranking, twenty-two have badigned a maintain ranking, 9 have issued a purchase ranking and one has given a powerful purchase ranking to the corporate’s inventory. The firm presently has a mean ranking of Hold and a mean value goal of $356.06.

Chipotle Mexican Grill (NYSE CMG) opened at $279.45 on Wednesday. The agency has a market capitalization of $7,889.69, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of two.42 and a beta of zero.44. Chipotle Mexican Grill has a fifty-two week low of $264.90 and a fifty-two week excessive of $499.00.

Chipotle Mexican Grill (NYSE:CMG) final introduced its quarterly earnings knowledge on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, lacking the Thomson Reuters’ consensus estimate of $2.24 by ($zero.91). Chipotle Mexican Grill had a web margin of three.37% and a return on fairness of 11.80%. The firm had income of $1.13 billion in the course of the quarter, in comparison with badyst estimates of $1.14 billion. During the identical interval within the prior 12 months, the agency earned $zero.56 earnings per share. Chipotle Mexican Grill’s income was up eight.eight% on a year-over-year foundation. equities badysis badysts predict that Chipotle Mexican Grill will submit 6.59 EPS for the present 12 months.

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Several institutional traders and hedge funds have just lately modified their holdings of the inventory. Covenant Asset Management LLC elevated its place in shares of Chipotle Mexican Grill by zero.5% in the course of the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s inventory valued at $910,00zero after buying a further 10 shares over the past quarter. Tufton Capital Management elevated its place in shares of Chipotle Mexican Grill by 1.three% in the course of the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s inventory valued at $335,00zero after buying a further 10 shares over the past quarter. Cutter & CO Brokerage Inc. elevated its place in shares of Chipotle Mexican Grill by 1.three% in the course of the second quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s inventory valued at $317,00zero after buying a further 10 shares over the past quarter. Simmons Bank elevated its place in shares of Chipotle Mexican Grill by 1.1% in the course of the second quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s inventory valued at $523,00zero after buying a further 14 shares over the past quarter. Finally, Highland Capital Management LLC elevated its place in shares of Chipotle Mexican Grill by zero.6% in the course of the second quarter. Highland Capital Management LLC now owns 2,961 shares of the restaurant operator’s inventory valued at $1,232,00zero after buying a further 18 shares over the past quarter. 90.72% of the inventory is owned by institutional traders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), along with its subsidiaries, operates Chipotle Mexican Grill eating places. The Company’s Chipotle Mexican Grill eating places serve a menu of burritos, tacos, burrito bowls (a burrito with out the tortilla) and salads. As of December 31, 2016, the Company managed its operations and eating places based mostly on 11 areas.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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