Chipotle Mexican Grill (CMG) is Downgraded by Stifel to Sell, Price Target at $215

Chipotle Mexican Grill (CMG) was Downgraded by Stifel to ” Sell” and the brokerage firm has set the Price Target at $215. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on Chipotle Mexican Grill. Shares were Reiterated by Telsey Advisory Group on Jul 22, 2016 to “Market Perform” and Lowered the Price Target to $ 400 from a previous price target of $420 .Chipotle Mexican Grill was Upgraded by CLSA to ” Outperform” on Jul 19, 2016. Company shares were Reiterated by Maxim Group on Jul 18, 2016 to “Sell”, Firm has raised the Price Target to $ 300 from a previous price target of $285 .

On the company’s financial health, Chipotle Mexican Grill reported $-0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $-1.05. The company had revenue of $834.50 million for the quarter, compared to analysts expectations of $863.24 million. The company’s revenue was down -23.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.88 EPS.

Chipotle Mexican Grill opened for trading at $415.24 and hit $420.62 on the upside on Wednesday, eventually ending the session at $419.68, with a gain of 1.05% or 4.37 points. The heightened volatility saw the trading volume jump to 8,46,918 shares. Company has a market cap of $12,255 M.

In a different news, on Jun 2, 2016, Steve Ells (Chairman & Co-CEO) sold 21,000 shares at $440.65 per share price. According to the SEC, on Aug 7, 2015, John S Charlesworth (director) sold 2,000 shares at $750.12 per share price. On Aug 5, 2015, Jack Hartung (Chief Financial Officer) sold 2,522 shares at $750.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Chipotle Mexican Grill Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants which serve a focused menu of burritos tacos burrito bowls (a burrito without the tortilla) and salads. The Company operates 1755 restaurants in the United States seven in Canada six in England three in France and one in Germany. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants a fast casual pizza concept. It also provides a variety of extras such as guacamole salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas fruit drinks organic milk beer and margaritas. The average restaurant size is about 2550 square feet and seats about 58 people. The Company’s restaurants also feature outdoor patio space. The Company’s restaurants accept orders by fax online or through an iPhone or Android ordering application.

Chipotle Mexican Grill

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Chipotle Mexican Grill - Is it time to Sell?

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