Stock Mover of The Day: Will Chipotle Mexican Grill, Inc. Go Down Anytime Soon?

Stock Mover of The Day: Will Chipotle Mexican Grill, Inc. Go Down Anytime Soon?

The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) is a huge mover today! About 471,792 shares traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 21.26% since March 16, 2016 and is downtrending. It has underperformed by 26.81% the S&P500.
The move comes after 8 months positive chart setup for the $11.72B company. It was reported on Oct, 19 by Barchart.com. We have $559.95 PT which if reached, will make NYSE:CMG worth $4.57B more.

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

Out of 37 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG), 13 rate it a “Buy”, 7 “Sell”, while 17 “Hold”. This means 35% are positive. Chipotle Mexican Grill Inc. has been the topic of 112 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, September 8 by Piper Jaffray. Cowen & Co maintained the shares of CMG in a report on Wednesday, February 3 with “Market Perform” rating. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Neutral” rating given on Monday, December 7 by UBS. Deutsche Bank maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Friday, December 4. Deutsche Bank has “Hold” rating and $525 price target. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, February 3. The firm has “Hold” rating given on Monday, December 7 by Maxim Group. The firm has “Outperform” rating given on Monday, December 7 by Oppenheimer. As per Monday, December 7, the company rating was downgraded by Guggenheim. SunTrust initiated the shares of CMG in a report on Thursday, October 8 with “Buy” rating. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Buy” rating by Suntrust Robinson on Thursday, October 8.

According to Zacks Investment Research, “Chipotle offers a focused menu of burritos, tacos, burrito bols and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through its vision of Food with Integrity, Chipotle is seeking better food not only from a variety of fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.21, from 1.22 in 2016Q1. The ratio turned negative, as 50 funds sold all Chipotle Mexican Grill, Inc. shares owned while 178 reduced positions. 57 funds bought stakes while 173 increased positions. They now own 27.25 million shares or 11.13% less from 30.66 million shares in 2016Q1.
Deutsche Bank & Trust Ag holds 0.05% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 173,706 shares. Eagle Asset has 3,637 shares for 0.01% of their US portfolio. Driehaus Cap Mngmt Ltd Liability reported 3,217 shares or 0.05% of all its holdings. Metropolitan Life Insur Ny holds 0.05% or 16,338 shares in its portfolio. Moreover, Huntington Fincl Bank has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 165 shares. Pittenger & Anderson Inc owns 337 shares or 0.01% of their US portfolio. Columbia Asset Mngmt holds 0.13% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 933 shares. Raymond James Services Advsr Incorporated last reported 4,062 shares in the company. D L Carlson Inv accumulated 1.1% or 7,657 shares. Moreover, Amalgamated Comml Bank has 0.06% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 2,545 shares. Citigroup Inc has 11,579 shares for 0% of their US portfolio. Moreover, Paloma Prtn Com has 0.04% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 8,581 shares. Peak6 Invests Limited Partnership last reported 0.02% of its portfolio in the stock. Whittier Co accumulated 0.01% or 610 shares. Cullen Frost Bankers Inc holds 0.01% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 682 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 1 insider sale for $9.25 million net activity. 21,000 Chipotle Mexican Grill, Inc. (NYSE:CMG) shares with value of $9.25M were sold by Ells Steve.

More recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Investorplace.com which released: “Chipotle Mexican Grill, Inc. (CMG) Stock Can Create Income for Free” on October 12, 2016. Also Fool.com published the news titled: “Better Buy: Chipotle Mexican Grill, Inc. vs. Panera” on September 22, 2016. Nasdaq.com‘s news article titled: “Chipotle Mexican Grill, Inc. to Roll Out Chorizo Nationwide Starting Oct. 4” with publication date: October 03, 2016 was also an interesting one.

CMG Company Profile

Chipotle Mexican Grill, Inc., incorporated on January 30, 1998, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Firm operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany. The Company’s restaurants include over 10 ShopHouse Southeast Asian Kitchen restaurants, serving Asian-inspired cuisine. The Firm owned and operated approximately three Pizzeria Locale restaurants, a fast casual pizza concept, resulting in a totaling of approximately 2,010 restaurants. The Firm sells gift cards which do not have an expiration date.

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