Maxim Group Reaffirms Chipotle Mexican Grill (NYSE:CMG) As a Hold; They Now Have a Target Price Of $430

July 27, 2018 - By Victoria Pittman

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

Investors sentiment increased to 0.85 in 2018 Q1. Its up 0.17, from 0.68 in 2017Q4. It improved, as 53 investors sold Chipotle Mexican Grill, Inc. shares while 140 reduced holdings. 68 funds opened positions while 97 raised stakes. 23.61 million shares or 4.13% more from 22.67 million shares in 2017Q4 were reported.

Millennium Limited Liability Corporation, New York-based fund reported 5,562 shares. Northern Corporation has invested 0.02% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Stone Ridge Asset Management Ltd Liability Com holds 3,730 shares. Synovus Fincl holds 0% or 12 shares. Capital reported 0.11% stake. First Personal Fincl, North Carolina-based fund reported 118 shares. First Interstate State Bank reported 25 shares or 0% of all its holdings. Creative Planning reported 22,140 shares. Keybank Association Oh invested 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Gabelli And Investment Advisers holds 0.27% or 6,500 shares in its portfolio. Zeke Cap Advisors Llc has invested 0.02% in Chipotle Mexican Grill, Inc. (NYSE:CMG). California-based Whittier has invested 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Beese Fulmer Invest Mngmt reported 813 shares or 0.06% of all its holdings. The Illinois-based Calamos Advisors Limited Company has invested 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Wg Shaheen & Assoc Dba Whitney & Company has invested 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG).

Since February 15, 2018, it had 2 buys, and 0 selling transactions for $1.10 million activity. Shares for $145,440 were bought by CAPPUCCIO PAUL T.

Chipotle Mexican Grill (NYSE:CMG) Rating Reaffirmed

New York: In a research report sent to clients and investors on Friday morning, Maxim Group reiterated their Hold rating on Chipotle Mexican Grill (NYSE:CMG) shares. They now have a $430 target price on the firm. Maxim Group’s target means a potential downside of -3.75 % from the company’s last close price.

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

Among 27 analysts covering Chipotle Mexican Grill (NYSE:CMG), 7 have Buy rating, 4 Sell and 16 Hold. Therefore 26% are positive. Chipotle Mexican Grill has $500.0 highest and $270 lowest target. $361.22’s average target is -19.15% below currents $446.76 stock price. Chipotle Mexican Grill had 59 analyst reports since January 30, 2018 according to SRatingsIntel. The firm has “Sell” rating given on Wednesday, February 7 by UBS. The rating was maintained by RBC Capital Markets on Tuesday, April 17 with “Hold”. The rating was maintained by UBS with “Sell” on Wednesday, February 14. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, April 26 report. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Buy” rating given on Tuesday, April 10 by Piper Jaffray. Stephens maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Thursday, June 28. Stephens has “Equal-Weight” rating and $425 target. The rating was downgraded by Maxim Group to “Hold” on Friday, April 27. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, February 20. Cowen & Co maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Friday, February 2. Cowen & Co has “Sell” rating and $295.0 target. As per Monday, March 26, the company rating was maintained by UBS.

The stock decreased 1.08% or $4.87 during the last trading session, reaching $446.76. About 875,394 shares traded or 21.37% up from the average. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 10.89% since July 27, 2017 and is downtrending. It has underperformed by 23.46% the S&P500.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants. The company has market cap of $12.42 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 66.77 P/E ratio.

More notable recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Benzinga.com which released: “Wall Street Remains In Shadow of Trade Uncertainty; Dollar, Crude Gain” on June 28, 2018, also Benzinga.com with their article: “36 Stocks Moving In Friday’s Pre-Market Session” published on July 27, 2018, Seekingalpha.com published: “Chipotle Is Too Hot To Handle Going Into Q2” on July 17, 2018. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Fool.com and their article: “Can Chipotle Mexican Grill Really Become a $10 Billion Business?” published on July 19, 2018 as well as Seekingalpha.com‘s news article titled: “Mizuho sees Chipotle as overpriced” with publication date: July 10, 2018.

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

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