BMO Capital Downgrades Rating On Chipotle Mexican Grill, Inc. (CMG)

Pauline Gross
July 19, 2017

(NYSE:CMG) by 0.3% during the second quarter, Holdings Channel reports. In the latest earnings report the EPS was $3.23 and is projected to be $8.13 for the current year with 28,663,000 shares now outstanding.

Large investors have recently modified their holdings of the stock. Chipotle Mexican Grill has a 12-month low of $352.96 and a 12-month high of $499.00. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator's stock valued at $4,097,000 after buying an additional 75 shares in the last quarter. Numeric Investors LLC raised its stake in Chipotle Mexican Grill by 30.7% in the fourth quarter. National Pension Service now owns 28,572 shares of the restaurant operator's stock valued at $12,684,000 after buying an additional 2,422 shares in the last quarter. Chipotle Mexican Grill, Inc. Bank of Montreal Can now owns 26,505 shares of the restaurant operator's stock valued at $11,808,000 after buying an additional 14,397 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Chipotle Mexican Grill by 26.5% in the first quarter. Ameritas Invest Prtn reported 0.01% in Chipotle Mexican Grill, Inc. Counselors has invested 0.16% in Chipotle Mexican Grill, Inc. (NYSE:CMG) has risen 7.62% since July 19, 2016 and is uptrending.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -11.31% and has no so good Year to Date (YTD) Performance of -0.62% which means the stock is constantly adding to its value from previous fiscal year end price.

The company's P/E ratio is 115.99 and the market value is 10.75B. Stock traders bought 25,703 put options on the stock. This is an increase of approximately 184% compared to the typical daily volume of 946 call options. Argus upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their target price for the stock from $447.88 to $550.00 in a research note on Thursday, May 25th. The restaurant operator reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.32. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. The stock of Chipotle Mexican Grill, Inc.

Analysts await Chipotle Mexican Grill, Inc.

Shares of Chipotle Mexican Grill closed the previous trading session at 374.98 down -0.11 -0.03% with 7,624,861 shares trading hands. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post $8.13 EPS for the current fiscal year.

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TRADEMARK VIOLATION WARNING: "Nomura Asset Management Co". Ubs Asset Americas Inc has invested 0.03% in Chipotle Mexican Grill, Inc. (NYSE:CMG), maintained return on investment for the last twelve months at 5.27, higher than what Reuters data shows regarding industry's average. If you are viewing this story on another site, it was illegally copied and republished in violation of USA and worldwide copyright & trademark legislation. The correct version of this story can be viewed at https://stocknewstimes.com/2017/07/19/chipotle-mexican-grill-inc-cmg-shares-sold-by-chevy-chase-trust-holdings-inc.html.

CMG has been the topic of several other research reports. Maxim Group reiterated a "hold" rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday. Investment analysts at SunTrust Banks reduced their Q2 2017 earnings estimates for shares of Chipotle Mexican Grill in a research report issued to clients and investors on Monday. Vetr upgraded Chipotle Mexican Grill from a hold rating to a buy rating and set a $498.87 price objective on the stock in a report on Tuesday, May 30th.

Wells Fargo downgraded CMG stock to market perform and assigned a price target of $375, which is essentially where the stock is right now.

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.

The Denver-based company notes that norovirus does not come from its food supply and it is safe to eat at its restaurants.

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