Is Chipotle (NYSE:CMG) a Stock One Should Buy Following Today’s Argus Research Upgrade?

May 17, 2018 - By Henry Gaston

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

Investors sentiment decreased to 0.68 in Q4 2017. Its down 0.01, from 0.69 in 2017Q3. It fall, 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.

Whittier Trust Co invested 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Golub Group Limited Liability owns 98,135 shares. The Georgia-based Atlantic Trust Grp Incorporated Ltd Liability Com has invested 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Nuwave Mgmt Ltd Liability Corp has invested 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Moreover, Rampart Invest Mgmt Co Llc has 0.04% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). Heritage Invsts Management Corp accumulated 8,699 shares. Bank & Trust Of America De owns 140,370 shares. Farmers & Merchants Inc accumulated 11 shares or 0% of the stock. Qs Ltd Com holds 275 shares or 0% of its portfolio. Huntington Bancorporation owns 61 shares. Secor Cap Lp invested in 7,031 shares or 0.08% of the stock. Hussman Strategic Advsr invested in 200 shares. Cutter & Communications Brokerage holds 763 shares or 0.09% of its portfolio. 15,264 are held by Fincl Bank Of Nova Scotia. Us Commercial Bank De has 2,604 shares.

Since February 15, 2018, it had 2 insider purchases, and 0 selling transactions for $1.10 million activity. Namvar Ali also bought $953,100 worth of Chipotle Mexican Grill, Inc. (NYSE:CMG) on Thursday, February 22.

Chipotle (NYSE:CMG) Stock Upgrade

In a note sent to clients and investors on Wednesday morning, Argus Research raised the shares of Chipotle (NYSE:CMG) to a respectable “Buy” rating. They currently have a $540.0000 target price on the stock. This target price gives a possible upside of 21.44 % from the stock close price of Chipotle (NYSE:CMG) 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. Canaccord Genuity maintained the stock with “Hold” rating in Wednesday, November 29 report. As per Friday, January 19, the company rating was upgraded by Raymond James. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Sell” rating given on Monday, March 26 by UBS. Cowen & Co maintained the shares of CMG in report on Friday, December 1 with “Sell” rating. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Neutral” rating by Nomura on Tuesday, January 30. The rating was maintained by Piper Jaffray with “Buy” on Thursday, March 15. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. Cowen & Co upgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) on Thursday, April 26 to “Market Perform” rating. The stock has “Buy” rating by Robert W. Baird on Tuesday, April 17. Robert W. Baird maintained it with “Hold” rating and $315.0 target in Tuesday, February 13 report.

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 EPS, up 15.09 % or $0.35 from last year’s $2.32 per share. CMG’s profit will be $74.21 million for 41.64 P/E if the $2.67 EPS becomes a reality. After $2.13 actual EPS 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: Seekingalpha.com which released: “Chipotle: Hate The Valuation” on April 27, 2018, also Nasdaq.com with their article: “5 Top Stock Trades for Wednesday Morning” published on May 16, 2018, Seekingalpha.com published: “Bill Ackman talks Chipotle” on April 18, 2018. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Finance.Yahoo.com and their article: “Chipotle Mexican Grill, Inc.’s Rally Has Reached Extemes” published on April 30, 2018 as well as Benzinga.com‘s news article titled: “Chipotle’s Q1: The Wall Street Reaction” with publication date: April 26, 2018.

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

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