Chipotle Mexican Grill (NYSE:CMG) Has Target Of $350 Give by Analysts at Bank of America. “Underperform” Didn’t change.

June 27, 2018 - By Mark Williams

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

During Q1 2018 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 holdings while 68 funds took holdings. Funds hold 23.61 million shares thus 4.13% more from 2017Q4’s 22.67 million shares.

Korea Corp reported 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG). 4,235 were accumulated by Cap Impact Advsr Ltd Company. First Manhattan holds 0% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 340 shs. Victory Capital Mgmt reported 4,997 shs. The New Jersey-based Caxton Lp has invested 0.09% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Cambridge Invest Rech Advsr reported 4,396 shs. Moreover, Focused Wealth Management Inc has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). 1,368 were accumulated by Sector Pension Board. 4 were reported by Psagot Investment House Limited. 4,756 are held by Natixis. The Pennsylvania-based Pnc Financial Svcs Group Inc has invested 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG). New York-based Alliancebernstein Ltd Partnership has invested 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). 118 were reported by First Personal Financial Svcs. Reliance Tru Of Delaware invested in 1,310 shs. Aviva Plc reported 12,745 shs.

Chipotle Mexican Grill, Inc. had 0 sales and 2 insider purchases since February 15, 2018. This’s net activity of $1.10 million. Another trade for 3,000 shs valued at $953,100 was made by Namvar Ali on Thursday, February 22.

Reiterated Chipotle Mexican Grill (NYSE:CMG) Rating.

Chipotle Mexican Grill (NYSE:CMG) had $350 price target given by Bank of America in analysts report sent to investors on Tuesday morning. Equity analysts’s price target gives a potential downside of -23.74 % from the company’s previous stock close.

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

In total 27 analysts cover Chipotle (NYSE:CMG). “Buy” rating has 7, “Sell” are 3, while 17 are “Hold”. 26% are bullish. 60 are the (NYSE:CMG)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Wednesday, February 7 the company was maintained by Morgan Stanley. The stock rating was upgraded by Raymond James to “Hold” on Friday, January 19. The stock rating was upgraded by Guggenheim to “Neutral” on Thursday, April 26. On Tuesday, February 13 the firm has “Hold” rating given by Robert W. Baird. On Monday, April 23 Cowen & Co maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating. Cowen & Co has “Sell” rating and $27500 target. On Tuesday, January 2 the stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Buy” rating by SunTrust. On Thursday, April 26 Barclays Capital maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) with “Equal-Weight” rating. On Wednesday, February 14 the firm has “Sell” rating by UBS given. On Wednesday, April 18 SunTrust maintained the shares of CMG in report with “Buy” rating. On Friday, February 2 Cowen & Co maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) with “Sell” rating.

CMG is touching $458.953 during the last trading session, after decreased 0.59%.Chipotle Mexican Grill, Inc. has volume of 339,028 shares. Since June 27, 2017 CMG has declined 10.89% and is downtrending. CMG underperformed by 23.46% the S&P500.

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s quarterly earnings will be announced on July, 24., according to Zacks. Analysts expect change of 15.09 % or $0.35 from previous year’s $2.32 earnings per share compared to current’s $2.67 earnings per share. CMG’s profit could be $74.21 million if the current earnings per share of $2.67 is accurate. 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 $12.76 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 68.59.

For more Chipotle Mexican Grill, Inc. (NYSE:CMG) news announced briefly go to: Globenewswire.com, Nasdaq.com, Benzinga.com, Nasdaq.com or Benzinga.com. The titles are as follows: “Research Report Identifies Six Flags Entertainment Corporation New, AVEO Pharmaceuticals, Chipotle Mexican Grill …” announced on June 26, 2018, “Chipotle New Menu Items 2018: Milkshakes, Avocado Tostada & More” on June 22, 2018, “Investors Might Be Worried by Trade Issues With Europe, China” with a publish date: June 25, 2018, “Don’t Throw Out Starbucks Stock Based on One Bad Serving of News” and the last “The Week Ahead: Senate Weighs Sprint-T-Mobile Merger, Nike Earnings And A Slew Of IPOs” with publication date: June 25, 2018.

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

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