The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) hit a new 52-week low and has $325.10 target or 9.00% below today’s $357.25 share price. The 5 months bearish chart indicates high risk for the $10.08 billion company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $325.10 price target is reached, the company will be worth $907.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 593,722 shares traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 22.61% since March 30, 2016 and is downtrending. It has underperformed by 25.62% the S&P500.
Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage
Out of 37 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG), 12 rate it a “Buy”, 7 “Sell”, while 18 “Hold”. This means 32% are positive. Chipotle Mexican Grill Inc. has been the topic of 115 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Neutral” rating given on Wednesday, September 7 by Robert W. Baird. As per Wednesday, February 3, the company rating was maintained by Jefferies. The company was maintained on Wednesday, October 21 by Telsey Advisory Group. The firm has “Market Perform” rating given on Friday, July 22 by Telsey Advisory Group. The rating was maintained by Sterne Agee CRT on Wednesday, April 27 with “Neutral”. The firm has “Buy” rating by Goldman Sachs given on Wednesday, February 3. The firm has “Outperform” rating given on Thursday, December 24 by Telsey Advisory Group. The firm has “Outperform” rating given on Tuesday, July 19 by CLSA. The firm earned “Neutral” rating on Monday, October 17 by Nomura. Barclays Capital maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) on Thursday, January 7 with “Equalweight” rating.
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 dived, 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.
Geneva Advisors Limited Liability Co owns 61,488 shares or 0.49% of their US portfolio. Davenport Lc has invested 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Gilder Gagnon Howe & Co Limited Liability Company holds 0.04% or 5,132 shares in its portfolio. Everpoint Asset Lc holds 0.06% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 7,006 shares. First Allied Advisory Svcs Incorporated, a Missouri-based fund reported 2,215 shares. Beese Fulmer holds 2,874 shares or 0.33% of its portfolio. The Texas-based Dimensional Fund L P has invested 0.02% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Public Sector Pension Invest Board accumulated 0.04% or 8,061 shares. Fiduciary Tru has 0.07% invested in the company for 5,003 shares. Zevenbergen Capital Invs Limited Company has 1.88% invested in the company for 99,811 shares. Advantus Cap holds 0.03% or 3,050 shares in its portfolio. Gemmer Asset Management Ltd Com, a California-based fund reported 21 shares. Point72 Asia (Hong Kong) Ltd holds 0.21% or 459 shares in its portfolio. Moreover, Point72 Asset Mgmt Lp has 0.56% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 203,018 shares. Sg Americas last reported 6,282 shares in the company.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 1 sale for $9.25 million net activity. Shares for $9.25 million were sold by Ells Steve.
More notable recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Investorplace.com which released: “Chipotle Mexican Grill, Inc. (CMG) Stock: 3-Year Lows, And Going Lower!” on November 01, 2016, also Fool.com with their article: “Chipotle Mexican Grill, Inc.: Why I’m Selling My Chipotle Stock — and You …” published on October 27, 2016, Finance.Yahoo.com published: “Chipotle Mexican Grill, Inc. Announces Third Quarter 2016 Results” on October 25, 2016. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Nasdaq.com and their article: “Earnings Reaction History: Chipotle Mexican Grill, Inc., 60.0% Follow-Through …” published on October 25, 2016 as well as Forbes.com‘s news article titled: “Chipotle Mexican Grill Reaches Analyst Target Price” with publication date: October 25, 2016.
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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