Will Today’s Argus Upgrade Ultimately Help The Stock Price of Chipotle Mexican Grill (NYSE:CMG)?

May 17, 2018 - By simple simple

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 worsened, 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.

Moreover, Suntrust Banks Incorporated has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 846 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 5,012 shares. Boston Common Asset Mgmt Lc holds 0.28% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 8,156 shares. Parkside Finance Bancorporation Tru holds 5 shares or 0% of its portfolio. California Pub Employees Retirement stated it has 0.03% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Oregon Pub Employees Retirement Fund invested in 0.02% or 3,074 shares. Contrarius Mgmt holds 2.05% in Chipotle Mexican Grill, Inc. (NYSE:CMG) or 142,648 shares. Arrow Financial invested in 0% or 54 shares. Glg Ptnrs Lp has invested 0% 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. Dubuque Retail Bank Tru Company owns 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 7 shares. Asset Mngmt One Co Ltd, a Japan-based fund reported 40,923 shares. Raymond James Financial Advsrs holds 0.01% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 3,489 shares. Mitsubishi Ufj Trust And Banking accumulated 51,491 shares. Everence Management Inc holds 0.05% or 778 shares.

Since February 15, 2018, it had 2 buys, and 0 insider sales for $1.10 million activity. 3,000 shares valued at $953,100 were bought by Namvar Ali on Thursday, February 22.

Chipotle Mexican Grill (NYSE:CMG) Stock Upgrade

Chipotle Mexican Grill (NYSE:CMG) was increased by Argus from a Hold rating to a more respectable Buy rating in a report shared with investors earlier today. They currently have a $540 target price per share on the stock, which would indicate a possible upside of 21.44 % from the current price of the stock.

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 earned “Hold” rating on Friday, January 19 by Raymond James. Maxim Group downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) on Friday, April 27 to “Hold” rating. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Equal-Weight” rating by Barclays Capital on Wednesday, February 7. The stock has “Hold” rating by Credit Suisse on Wednesday, February 7. The firm has “Hold” rating by RBC Capital Markets given on Thursday, December 21. The rating was upgraded by BTIG Research to “Buy” on Thursday, April 26. Deutsche Bank maintained the stock with “Sell” rating in Wednesday, January 31 report. On Tuesday, April 10 the stock rating was maintained by Piper Jaffray with “Buy”. Robert W. Baird maintained it with “Hold” rating and $310.0 target in Tuesday, January 2 report. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Hold” rating by Oppenheimer on Thursday, February 1.

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: 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, Fool.com published: “Chipotle’s Honeymoon Won’t Last Forever” on May 13, 2018. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Benzinga.com and their article: “Analyst Likes Chipotle’s New CEO, Upgrades Stock To Buy” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Chipotle deliveries skyrocket after DoorDash partnership” with publication date: May 09, 2018.

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

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