Chipotle Mexican Grill, Inc. using SYMBOL/TICKER code NYSE:CMG has had its stock rating noted as “Reiterated” with the recommendation being set at “OVERWEIGHT” yesterday by research analysts at Piper Jaffray.
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US stock indexes are slipping lower in midday trading, weighed down by a slide in supermarket operators and other consumer-focused companies. Ten of them rate it a Buy, six rate it a Sell, while two rate it an Underweight stock. The stock presently has a consensus rating of “Hold” and an average target price of $489.10.
Chipotle Mexican Grill jumped on news activist investor Bill Ackman had bought a 9.9 percent stake.
Chipotle Mexican has been under pressure for quite some time regarding health related issues.CMG stock exhibited substantially volatile weeks after the company announced second quarter results for fiscal year 2016 on July 21. The US-based fast food chain has a market capitalization of $12.94 billion, with a $64.97 price to earnings ratio.
The company has a 50 day moving average of 410.72 and a 200 day moving average of 438.87. The stock has a 52 week high price of $757, while a 52-week low price of $384.77. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. According to the data, which YouGov says is from a poll of 4,800 people drawn from an online panel of 1.8 million people, 4.5% more consumers had a negative perception of Chipotle while 4.8% more felt positive towards Chipotle as a while when compared to the previous survey. Marsico Capital Management LLC now owns 372,629 shares of the company’s stock worth $175,497,000 after buying an additional 7,248 shares in the last quarter.
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Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
