Chipotle Mexican Grill (CMG) is Initiated by Buckingham Research to Buy, Price Target at $547

Chipotle Mexican Grill (CMG) was Initiated by Buckingham Research to “Buy” and the brokerage firm has set the Price Target at $547. Buckingham Research advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on Chipotle Mexican Grill. Buckingham Research Initiated Chipotle Mexican Grill on Jun 16, 2016 to “Buy”, Price Target of the shares are set at $547.Shares were Reiterated by Deutsche Bank on Jun 13, 2016 to “Sell” and Lowered the Price Target to $ 340 from a previous price target of $360 .Shares were Reiterated by Maxim Group on Jun 8, 2016 to “Sell” and Lowered the Price Target to $ 285 from a previous price target of $300 .

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 closed down -4.96 points or -1.25% at $390.31 with 12,01,254 shares getting traded on Wednesday. Post opening the session at $396.14, the shares hit an intraday low of $389.411 and an intraday high of $402.3478 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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