The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) is a huge mover today! About 428,337 shares traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 16.82% since February 29, 2016 and is downtrending. It has underperformed by 29.04% the S&P500.
The move comes after 6 months positive chart setup for the $12.63 billion company. It was reported on Oct, 3 by Barchart.com. We have $564.32 PT which if reached, will make NYSE:CMG worth $3.92 billion more.
Analysts await Chipotle Mexican Grill, Inc. (NYSE:CMG) to report earnings on October, 18. They expect $1.83 earnings per share, down 60.13% or $2.76 from last year’s $4.59 per share. CMG’s profit will be $53.65 million for 58.85 P/E if the $1.83 EPS becomes a reality. After $0.87 actual earnings per share reported by Chipotle Mexican Grill, Inc. for the previous quarter, Wall Street now forecasts 110.34% EPS growth.
Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage
Out of 36 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG), 13 rate it a “Buy”, 6 “Sell”, while 17 “Hold”. This means 36% are positive. Chipotle Mexican Grill Inc. has been the topic of 108 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Vetr upgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Wednesday, August 26. Vetr has “Hold” rating and $725.11 price target. The firm has “Sell” rating by Maxim Group given on Wednesday, June 8. Credit Suisse maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Monday, March 7. Credit Suisse has “Outperform” rating and $550 price target. The company was downgraded on Tuesday, December 22 by JP Morgan. Bernstein maintained it with “Outperform” rating and $730 target price in Monday, December 7 report. On Friday, July 22 the stock rating was maintained by BTIG Research with “Neutral”. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Buy” rating given on Monday, December 7 by Suntrust Robinson. The stock has “Market Perform” rating given by Telsey Advisory Group on Wednesday, October 21. The firm has “Outperform” rating by Oppenheimer given on Monday, December 7. Sterne Agee CRT downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) on Monday, November 23 to “Neutral” rating.
According to Zacks Investment Research, “Chipotle offers a focused menu of burritos, tacos, burrito bols and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through its vision of Food with Integrity, Chipotle is seeking better food not only from a variety of fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.21, from 1.22 in 2016Q1. The ratio is negative, as 50 funds sold all Chipotle Mexican Grill, Inc. shares owned while 178 reduced positions. 57 funds bought stakes while 173 increased positions. They now own 27.25 million shares or 11.13% less from 30.66 million shares in 2016Q1.
Sit Associates accumulated 0.07% or 6,839 shares. Waddell & Reed Inc holds 0.63% or 746,930 shares in its portfolio. Howland Capital Limited Liability accumulated 632 shares or 0.02% of the stock. Moreover, Bnp Paribas Investment Partners Sa has 0.01% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 3,048 shares. Commerce National Bank has 1,116 shares for 0.01% of their US portfolio. Teachers Retirement Sys Of The State Of Kentucky holds 3,700 shares or 0.02% of its portfolio. Ent Fincl owns 18 shares or 0% of their US portfolio. Moreover, Credit Agricole S A has 0.02% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 15,149 shares. The California-based California Public Employees Retirement System has invested 0.04% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Jane Street Group Incorporated Lc owns 6,038 shares or 0.01% of their US portfolio. Blackrock has 0.05% invested in the company for 86,249 shares. Heritage Invsts Management Corporation accumulated 9,884 shares or 0.3% of the stock. Harber Asset Mngmt Limited Liability Co has 1,370 shares for 0.3% of their US portfolio. Parametric Port Associate Ltd Liability Company accumulated 0.06% or 92,567 shares. New England & owns 500 shares or 0.17% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 1 sale for $9.25 million net activity. 21,000 shares with value of $9.25M were sold by Ells Steve on Tuesday, May 31.
More important recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Fool.com which released: “Better Buy: Chipotle Mexican Grill, Inc. vs. Panera” on September 22, 2016, also Fool.com published article titled: “Better Buy: Chipotle Mexican Grill, Inc. vs. Starbucks”, Valuewalk.com published: “Chipotle Mexican Grill, Inc (CMG): Pershing Position Creates Excellent Selling …” on September 07, 2016. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) was released by: Businesswire.com and their article: “Chipotle Mexican Grill, Inc. to Announce Third Quarter 2016 Results on October …” with publication date: September 28, 2016.
CMG Company Profile
Chipotle Mexican Grill, Inc., incorporated on January 30, 1998, 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. The Firm operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany. The Company’s restaurants include over 10 ShopHouse Southeast Asian Kitchen restaurants, serving Asian-inspired cuisine. The Firm owned and operated approximately three Pizzeria Locale restaurants, a fast casual pizza concept, resulting in a totaling of approximately 2,010 restaurants. The Firm sells gift cards which do not have an expiration date.
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