How Good Does Chipotle (NYSE:CMG) Look Now? Argus Research Has Just Upgraded The Stock

May 17, 2018 - By Peter Erickson

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

Investors sentiment decreased to 0.68 in 2017 Q4. Its down 0.01, from 0.69 in 2017Q3. It dropped, as 75 investors sold Chipotle Mexican Grill, Inc. shares while 157 reduced holdings. 65 funds opened positions while 92 raised stakes. 22.67 million shares or 7.77% less from 24.58 million shares in 2017Q3 were reported.

Jefferies Lc owns 0.02% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 16,194 shares. Millennium Ltd Liability Co has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). Amer & Mgmt Com invested in 15 shares. Us Retail Bank De owns 2,604 shares. Dimensional Fund Advisors Lp reported 60,533 shares. Beese Fulmer Incorporated has invested 0.12% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Texas Permanent School Fund holds 0.02% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 6,784 shares. Private Advisor Group Inc Lc holds 0.01% or 882 shares. Aviva Pcl holds 14,860 shares. Prelude Cap Management Limited holds 0.06% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 2,536 shares. Manchester Cap Lc has invested 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Moreover, Vantage Invest Advsr Ltd Liability has 0.01% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 112 shares. First Allied Advisory Ser Inc holds 0.01% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 807 shares. 11 were accumulated by Hanson Mcclain Inc. Forward Mngmt Limited Liability Company has invested 0.02% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG).

Since February 15, 2018, it had 2 insider buys, and 0 selling transactions for $1.10 million activity. $145,440 worth of Chipotle Mexican Grill, Inc. (NYSE:CMG) shares were bought by CAPPUCCIO PAUL T.

Chipotle (NYSE:CMG) Stock Upgrade

Argus Research increased shares of Chipotle (NYSE:CMG) to a “Buy” rating in analysts report issued on 16 May. The company after the upgrade has a $540.0000 target price per share on shares.

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

Among 27 analysts covering Chipotle (NYSE:CMG), 6 have Buy rating, 3 Sell and 18 Hold. Therefore 22% are positive. Chipotle has $500.0 highest and $240.0 lowest target. $352.05’s average target is -20.83% below currents $444.67 stock price. Chipotle had 63 analyst reports since November 29, 2017 according to SRatingsIntel. The firm has “Sell” rating by Cowen & Co given on Friday, January 19. On Monday, March 26 the stock rating was maintained by UBS with “Sell”. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, February 13 report. The firm has “Neutral” rating given on Thursday, April 26 by Guggenheim. As per Monday, April 23, the company rating was maintained by Cowen & Co. Barclays Capital maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) on Wednesday, February 7 with “Equal-Weight” rating. Raymond James maintained the stock with “Sell” rating in Wednesday, November 29 report. Bank of America maintained it with “Underperform” rating and $270 target in Wednesday, February 7 report. Maxim Group downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) on Friday, April 27 to “Hold” rating. The firm has “Sell” rating by Deutsche Bank given on Wednesday, January 31.

The stock increased 4.25% or $18.11 during the last trading session, reaching $444.67. About 1.86M shares traded or 80.02% up from the average. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 22.17% since May 17, 2017 and is downtrending. It has underperformed by 33.72% the S&P500.

Analysts await Chipotle Mexican Grill, Inc. (NYSE:CMG) to report earnings on July, 24. They expect $2.67 earnings per share, up 15.09 % or $0.35 from last year’s $2.32 per share. CMG’s profit will be $74.21M for 41.64 P/E if the $2.67 EPS becomes a reality. After $2.13 actual earnings per share reported by Chipotle Mexican Grill, Inc. for the previous quarter, Wall Street now forecasts 25.35 % EPS growth.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants. The company has market cap of $12.36 billion. As of December 31, 2016, the firm operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants; and 23 restaurants with non-Chipotle concepts. It has a 72.07 P/E ratio.

More notable recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Investorplace.com which released: “2018’s Biggest Stock Market Winners so Far” on May 15, 2018, also Benzinga.com with their article: “Chipotle’s Q1: The Wall Street Reaction” published on April 26, 2018, Finance.Yahoo.com published: “Chipotle Mexican Grill, Inc.’s Rally Has Reached Extemes” on April 30, 2018. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Tracking Bill Ackman’s Pershing Square Portfolio – Q1 2018 Update” with publication date: May 16, 2018.

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

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