Chipotle Mexican Grill Inc. (CMG) Raised to Buy at Vetr Inc

Chipotle Mexican Grill Inc

Chipotle Mexican Grill Inc

Chipotle Mexican Grill ( CMG ) is struggling to grow revenues since the company's reputation took a beating two years ago when its food was found contaminated with an E. coli virus.

Vetr upgraded shares of Chipotle Mexican Grill Inc. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator's stock worth $164,000 after buying an additional 169 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator's stock worth $140,000 after buying an additional 55 shares in the last quarter. Trust Co now owns 670 shares of the company's stock worth $270,000 after buying an additional 15 shares during the period. Carmignac Gestion now owns 516,751 shares of the restaurant operator's stock valued at $215,020,000 after purchasing an additional 319,875 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Chipotle Mexican Grill by 84.5% in the 1st quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator's stock valued at $185,622,000 after purchasing an additional 280,300 shares during the period. Finally, Bank of Nova Scotia boosted its stake in shares of Chipotle Mexican Grill by 3.4% in the second quarter. Institutional investors and hedge funds own 89.51% of the company's stock.

A number of other research firms also recently weighed in on CMG.

Lowering the revenue estimate and a minor increase in expenses has impacted the valuation of Chipotle Mexican Grill leading to a revision in our price estimate. (The) decreased their price target on Chipotle Mexican Grill from $440.00 to $375.00 and set a "neutral" rating for the company in a report on Tuesday, July 25th. Credit Suisse Group reiterated a neutral rating and set a $320.00 price target (down previously from $335.00) on shares of Chipotle Mexican Grill in a research note on Friday, August 25th. Cowen and Company reissued a "market perform" rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads.

When we look at the Analyst Recommendations of the stock, the company has 2.96 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

Biogen Inc. (BIIB) analysts on average have given a price target of $357.38 on BIIB stock. Raymond James Trust N.A. boosted its stake in shares of Chipotle Mexican Grill by 0.5% in the third quarter. "(CMG)" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and worldwide copyright & trademark laws. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/11/02/chipotle-mexican-grill-inc-cmg-shares-sold-by-covenant-asset-management-llc.html.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share.

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants.

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