Chipotle Mexican Grill, Inc. (NYSE:CMG) Continuing to Trade Below Moving Averages

Could Chipotle’s 2Q17 Earnings Boost Its Stock Price

Could Chipotle’s 2Q17 Earnings Boost Its Stock Price

(NYSE:CMG) to be "oversold" as the equity reached $374.98 on a recent check. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator's stock worth $1,211,558,000 after buying an additional 69,007 shares in the last quarter. 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. It is negative, as 8 investors sold S&W Seed Company shares while 7 reduced holdings. Maxim Group upgraded Chipotle Mexican Grill, Inc. Chipotle Mexican Grill, Inc. Beese Fulmer Investment Management Inc. now owns 3,088 shares of the restaurant operator's stock worth $1,376,000 after buying an additional 33 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Chipotle Mexican Grill by 26.5% in the first quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Chipotle Mexican Grill during the fourth quarter worth $354,000. Heritage Investors Management Corp now owns 12,115 shares of the restaurant operator's stock worth $5,397,000 after buying an additional 529 shares in the last quarter. Ubs Asset Americas Inc has invested 0.03% in Chipotle Mexican Grill, Inc.

Chipotle Mexican Grill, Inc. has a 52-week low of $352.96 and a 52-week high of $499.00.

The Average Volume for 10 days is 1.03 Million for Chipotle Mexican Grill (NYSE:CMG).

When looking at companies that are considered to be oversold, it is important to consider the moving averages of the security. Moreover, Steadfast Capital Management L P has 1.48% invested in Chipotle Mexican Grill, Inc.

The P/E ratio is 115.99 and market cap is 10.75B.

Chipotle Mexican Grill, Inc. has a consensus hold rating from 34 Wall Street analysts, and the number of shares now sold short amount to at least 11.94% of shares outstanding. The restaurant operator reported $1.60 EPS for the quarter, beating the consensus estimate of $1.28 by $0.32. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. The Missouri-based Bancorporation has invested 0.01% in Chipotle Mexican Grill, Inc. The business's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.88) EPS.

Among 41 analysts covering Chipotle Mexican Grill Inc. "(CMG)" was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and worldwide copyright legislation. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/07/19/chipotle-mexican-grill-inc-nysecmg-shares-bought-by-nomura-asset-management-co-ltd-updated.html.

A number of analysts recently weighed in on CMG shares. Mizuho reiterated a "buy" rating and issued a $533.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday. Barclays PLC increased their price objective on shares of Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an "equal weight" rating in a report on Wednesday, April 26th. Vetr raised shares of Chipotle Mexican Grill from a "sell" rating to a "hold" rating and set a $460.94 target price on the stock in a research note on Monday, May 1st. Royal Bank Of Canada raised shares of Chipotle Mexican Grill from a "hold" rating to an "outperform" rating in a research note on Thursday, April 27th. Chipotle Mexican Grill also was the target of some unusual options trading activity on Tuesday. Sell-side firms now have a consensus recommendation of 2.80 on the shares. The company now has a consensus rating of "Hold" and an average price target of $454.25.

Analysts await Chipotle Mexican Grill, Inc. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads.

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