Argus Ups Chipotle Mexican Grill (CMG) To "Buy" from "Hold"

Marco Green
May 29, 2017

Chipotle's statement said the company would continue to work with cyber security firms to enhance their security measures. On January 4th, the first trading day of the year, Chipotle stock traded for $381 a share.

Argus upgrades Chipotle (CMG +0.5%) to a Buy rating after having the restaurant stock set at Hold. Seven analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have given a buy rating to the company.

Corrections & Clarifications: Corrects month of breach on first reference. The stock has "Hold" rating by Deutsche Bank on Tuesday, January 26. The Isle Of Man-based Oceanic Investment Management Ltd has invested 1.6% in the stock.

Tybourne Capital Management Hk Ltd increased Chipotle Mexican Grill Inc (CMG) stake by 38.67% reported in 2016Q4 SEC filing. The firm's 50 day moving average price is $469.60 and its 200-day moving average price is $418.83. The stock has a market capitalization of $13.76 billion, a P/E ratio of 148.52 and a beta of 0.59. (NYSE:CMG) to report earnings on July, 20. The restaurant operator reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.32. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $499.00. Revenues rose 28% year-over-year to $1.07 billion, above the consensus estimate of $1.05 billion. They expect $-0.11 EPS, down 57.14% or $0.04 from last year's $-0.07 per share. The business's revenue was up 28.1% compared to the same quarter past year. After $1.60 actual earnings per share reported by Chipotle Mexican Grill, Inc. for the previous quarter, Wall Street now forecasts 48.13% EPS growth.

Chipotle Mexican Grill restaurants security breaching included customer card number, expiration date, and internal verification code and, potentially, the cardholder name. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & worldwide copyright and trademark laws. (NYSE:CMG) on Wednesday, March 16 with "Hold" rating.

04/26/2017 - Chipotle Mexican Grill, Inc. had its "neutral" rating reiterated by analysts at Instinet.

The stock decreased 3.57% or $0.15 during the last trading session, reaching $4.05. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $105,799,000. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator's stock valued at $1,211,558,000 after buying an additional 69,007 shares during the last quarter.

04/26/2017 - Chipotle Mexican Grill, Inc. was downgraded to "sector perform" by analysts at RBC Capital. Pictet North America Advisors SA raised its stake in Chipotle Mexican Grill by 5.1% in the third quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator's stock valued at $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. (CMG) Stock for Less" published on May 08, 2017, Fool.com published: "Better Buy: "Chipotle Mexican Grill, Inc. vs. Shake Shack Inc" on May 10, 2017. Institutional investors and hedge funds own 96.62% of the company's stock. Buckingham Research maintained Chipotle Mexican Grill, Inc. Discovery Capital Management LLC CT purchased a new position in Chipotle Mexican Grill during the fourth quarter worth $95,773,000. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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