Rating on Chipotle Mexican Grill (NYSE:CMG) is Set to Market Perform. Its Reiterates by Wells Fargo with $405 Target.

June 29, 2018 - By Lindsey Price

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

During 2018 Q1 the big money sentiment increased to 0.85. That’s change of 0.17, from 2017Q4’s 0.68. 53 investors sold all, 140 reduced holdings as Chipotle Mexican Grill, Inc. ratio increased. 97 grew positions while 68 funds took positions. Funds hold 23.61 million shares thus 4.13% more from 2017Q4’s 22.67 million shares.

Moreover, Two Sigma Secs has 0.01% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). Hsbc Plc invested 0.03% in Chipotle Mexican Grill, Inc. (NYSE:CMG). 11,128 were reported by Lpl Lc. Advisory Network Lc invested in 0.01% or 269 shs. 291,380 are held by Ws Management Lllp. Norinchukin Financial Bank The has 0.01% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 2,252 shs. Chicago Equity Prtn Llc reported 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Profund Advsrs Limited Liability Corporation holds 0.01% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 989 shs. Quantum Cap Mgmt Ltd Nj has 960 shs for 0.09% of their capital. Moreover, Wells Fargo Mn has 0.01% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). Strs Ohio holds 3,468 shs or 0% of its capital. Laurion Cap Mngmt L P has invested 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Counselors has invested 0.03% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Wellington Mngmt Gp Llp has 724,022 shs for 0.05% of their capital. 290,550 are owned by National Bank Of Mellon Corp.

Chipotle Mexican Grill, Inc. registered $1.10 million net activity with 2 insider buys and 0 insider sales since February 15, 2018. $145,440 worth of Chipotle Mexican Grill, Inc. (NYSE:CMG) was bought by CAPPUCCIO PAUL T.

Reiterated Chipotle Mexican Grill (NYSE:CMG) Rating.

In an analyst note revealed to investors and clients by Wells Fargo’s equity analysts, Chipotle Mexican Grill (NYSE:CMG) had it’s stock Rating reconfirmed to Market Perform. On Thursday, 28 June it has $405 or -6.58 % target price per share that gives a potential downside move.

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

Total analysts of 28 have positions in Chipotle (NYSE:CMG) as follows: 7 rated it a “Buy”, 3 with “Sell” and 18 with “Hold”. The positive are 25%. Since January 2, 2018 according to StockzIntelligence Inc Chipotle has 63 analyst reports. On Thursday, April 26 the firm has “Buy” rating given by Piper Jaffray. In Tuesday, January 30 report Wells Fargo maintained it with “Market Perform” rating and $300 target. On Tuesday, January 30 the firm has “Neutral” rating given by Nomura. On Wednesday, February 7 Bank of America maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) with “Underperform” rating. In Thursday, April 26 report Robert W. Baird maintained the stock with “Buy” rating. On Tuesday, February 20 the company was upgraded by Stifel Nicolaus. On Wednesday, April 25 the firm earned “Hold” rating by BMO Capital Markets. On Wednesday, February 14 UBS maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating. UBS has “Sell” rating and $275.0 target. On Thursday, June 28 the rating was maintained by Wells Fargo with “Market Perform”. On Wednesday, February 7 the stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Hold” rating given by Canaccord Genuity.

CMG touched $433.54 during the last trading session after $5.18 change.Currently Chipotle Mexican Grill, Inc. is downtrending after 10.89% change in last June 29, 2017. CMG has 517,404 shares volume. CMG underperformed the S&P 500 by 23.46%.

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s quarterly earnings will be revealed on July, 24., Zacks reports. Analysts predict $2.67 earnings per share. That’s $0.35 up or 15.09 % from 2017’s earnings of $2.32. CMG’s profit could reach $74.21M with 40.59 P/E in case $2.67 earnings per share is revealed. Analysts at Wall Street see Chipotle Mexican Grill, Inc.’s 25.35 % EPS growth compared to $2.13 earnings per share for previous quarter.

Chipotle Mexican Grill, Inc., together with its subsidiaries, operates Chipotle Mexican Grill restaurants.The firm is valued at $12.05 billion. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants.The P/E ratio is 64.79.

For more Chipotle Mexican Grill, Inc. (NYSE:CMG) news announced recently go to: Benzinga.com, Bizjournals.com, Bizjournals.com, Benzinga.com or Streetinsider.com. The titles are as follows: “Wall Street Remains In Shadow of Trade Uncertainty; Dollar, Crude Gain” announced on June 28, 2018, “Fast-Food Roundup: Chipotle closing 65 stores… Starbucks CFO retiring… Chains doing better in customer satisfaction” on June 28, 2018, “Chipotle-backed pizza chain closes Cincinnati restaurants” with a publish date: June 29, 2018, “Investors Might Be Worried by Trade Issues With Europe, China” and the last “Chipotle Mexican Grill (CMG) PT Lowered to $340 at BofA/Merrill Lynch” with publication date: June 28, 2018.

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

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