Chipotle Mexican Grill (NYSE:CMG) Receives Upgrade From Argus. Will Other Analysts Follow Suit?

May 16, 2018 - By Louis Casey

Chipotle Mexican Grill, Inc. (NYSE:CMG) Logo

Investors sentiment decreased to 0.68 in 2017 Q4. Its down 0.01, from 0.69 in 2017Q3. It dropped, as 75 investors sold Chipotle Mexican Grill, Inc. shares while 157 reduced holdings. 65 funds opened positions while 92 raised stakes. 22.67 million shares or 7.77% less from 24.58 million shares in 2017Q3 were reported.

Whittier Trust Of Nevada owns 181 shares. Hexavest invested in 0.39% or 118,373 shares. Rhumbline Advisers invested in 0.03% or 53,759 shares. Pictet Asset Mgmt Ltd reported 13,738 shares stake. 8,773 were reported by Rmb Cap Limited Liability Co. Us Savings Bank De reported 2,604 shares. Geode Capital Ltd Liability Corp has 255,862 shares. Jefferies Grp Ltd, a New York-based fund reported 16,194 shares. Mutual Of America Cap Mngmt Ltd Liability Corporation reported 2,742 shares. Gemmer Asset Mgmt Ltd Liability accumulated 31 shares. Daiwa Secs Grp accumulated 0% or 758 shares. Fincl Counselors reported 0.02% stake. Cap Ww holds 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 39,890 shares. American & Co has invested 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). 13D Mngmt Limited Liability Company reported 17,060 shares.

Since February 15, 2018, it had 2 insider buys, and 0 selling transactions for $1.10 million activity. Another trade for 3,000 shares valued at $953,100 was made by Namvar Ali on Thursday, February 22.

Chipotle Mexican Grill (NYSE:CMG) Stock Upgrade

In an analyst report issued to clients and investors on Wednesday, 16 May, Argus announced that they have decided to upgrade shares of Chipotle Mexican Grill (NYSE:CMG) stock from a Hold to a Buy.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage

Among 27 analysts covering Chipotle (NYSE:CMG), 6 have Buy rating, 3 Sell and 18 Hold. Therefore 22% are positive. Chipotle has $500.0 highest and $240.0 lowest target. $352.05’s average target is -19.64% below currents $438.08 stock price. Chipotle had 63 analyst reports since November 29, 2017 according to SRatingsIntel. Cowen & Co upgraded the shares of CMG in report on Thursday, April 26 to “Market Perform” rating. UBS maintained the stock with “Sell” rating in Monday, March 26 report. Wedbush maintained it with “Neutral” rating and $350 target in Thursday, April 26 report. The firm has “Sell” rating given on Wednesday, January 31 by Deutsche Bank. On Thursday, February 1 the stock rating was downgraded by UBS to “Sell”. Nomura maintained the shares of CMG in report on Tuesday, January 30 with “Neutral” rating. Barclays Capital maintained the shares of CMG in report on Wednesday, February 7 with “Equal-Weight” rating. The company was downgraded on Friday, April 27 by Maxim Group. UBS maintained the stock with “Sell” rating in Thursday, April 26 report. As per Friday, January 19, the company rating was maintained by Cowen & Co.

The stock increased 2.70% or $11.52 during the last trading session, reaching $438.08. About 747,745 shares traded. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 22.17% since May 16, 2017 and is downtrending. It has underperformed by 33.72% the S&P500.

Analysts await Chipotle Mexican Grill, Inc. (NYSE:CMG) to report earnings on July, 24. They expect $2.67 earnings per share, up 15.09 % or $0.35 from last year’s $2.32 per share. CMG’s profit will be $74.21 million for 41.02 P/E if the $2.67 EPS becomes a reality. After $2.13 actual earnings per share reported by Chipotle Mexican Grill, Inc. for the previous quarter, Wall Street now forecasts 25.35 % EPS growth.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants. The company has market cap of $12.18 billion. As of December 31, 2016, the firm operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants; and 23 restaurants with non-Chipotle concepts. It has a 71 P/E ratio.

More notable recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Benzinga.com which released: “Analyst Likes Chipotle’s New CEO, Upgrades Stock To Buy” on May 16, 2018, also Benzinga.com with their article: “Chipotle’s Q1: The Wall Street Reaction” published on April 26, 2018, Seekingalpha.com published: “Chipotle deliveries skyrocket after DoorDash partnership” on May 09, 2018. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Seekingalpha.com and their article: “Bill Ackman talks Chipotle” published on April 18, 2018 as well as Finance.Yahoo.com‘s news article titled: “Chipotle Mexican Grill, Inc.’s Rally Has Reached Extemes” with publication date: April 30, 2018.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Science

Chinese satellite Queqiao launched to the moon

Chinese satellite Queqiao launched to the moon

Kelly Oliver

China has recently successfully launched its lunar satellite Queqiao. According to the official plans, the satellite will help with communication between lunar lander and Earth, as well as performing radio astronomy. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest ...

Rocket Antares brings new supplies on International Space Station

Rocket Antares brings new supplies on International Space Station

Edwin Martin

It looks like this launch of Antares rocket was expected more than the flight of first human mission on Mars. And the reason is in cargo itself. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings ...

Sally Ride on a postage stamp

Sally Ride on a postage stamp

Ellis Scott

An astronaut has signed her own photo 35 years ago. She did not know that someday it would be turned into postage stamp of the USA. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with ...

Physics and science fiction met together at Fermilab

Physics and science fiction met together at Fermilab

Dolores Ford

According to the physicist from Fermilab, Cindy Joe stories are an important part of daily work of a scientist. That’s when Story Collider decided to gather storytellers from different sides of science into live shows and podcasts. Receive News & Ratings Via Email - Enter your email address below to receive a ...

Do we need to change our space goals on Venus

Do we need to change our space goals on Venus

Darrin Black

NASA and Donald Trump, the USA president, have big plans on Mars’ exploration and upcoming mission on the red planet. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Why Mars changes its colors

Why Mars changes its colors

Vivian Park

If you are interested in astronomy, you may have noticed that Mars is definitely brighter this year, than it was before 2003 for example. Is it true? Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings ...

Big Bang model will be created on ISS

Big Bang model will be created on ISS

Thomas Roop

Antares rocket with all 7, 400 pounds of supplies on board was successfully launched from Virginia yesterday. It contained Cold Atom Laboratory which is able to freeze atoms to absolute zero temperatures, colder than space vacuum and create Bose-Einstein condensates. Receive News & Ratings Via Email - Enter your email address below ...

Richland meets space plants

Richland meets space plants

Paul Bridgeforth

There is a whole strategy behind ISS agricultural program. At first bags of seeds with dozens of other supplies will fly to the outer space. It will happen on Monday. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Is it true that girls find physics boring?

Is it true that girls find physics boring?

Paul Bridgeforth

As one parent says if we want to make physics more attractive for girls we need to teach it in a meaningful way, without any gender-specific programs. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings ...

Physics in motion for 10 000 children

Physics in motion for 10 000 children

Orlando Souther

Children could see the real attraction of physics during the Physics Day at Lagoon. It is the 29th year of physics celebration. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email ...