Chipotle misses big on earnings, shares plunge


Chipotle misses big on earnings, shares plunge

Its up 0.24, from 0.85 in 2017Q1.

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vgi Prtnrs Pty Limited invested in 65,398 shares. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 69.71 and a beta of 0.60. Ellington Management Group Limited Liability Co accumulated 5,200 shares. Invesco Ltd reported 0.02% of its portfolio in Chipotle Mexican Grill, Inc. Extending back, their stock is trading -12.35% from the 50-Day Simple Moving Average, looking even further back, they are trading -30.97% off of the 200-Day Simple Moving Average. The insider, PAULL MATTHEW H, now holds 416 shares of CMG.

Investors weren't happy with the news. Oppenheimer Holdings, Inc. reiterated a "market perform" rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. (NYSE:CMG). Chevy Chase Tru Hldg reported 0.05% stake. (NYSE:CMG). First Republic Mgmt Inc has 3,632 shares. Camelot Portfolios Ltd Liability Company holds 0.43% or 2,112 shares in its portfolio. Chipotle Mexican Grill, Inc. (NYSE:CMG) or 414,285 shares.

For 2018, the analyst has cut her EPS forecast from $10.94 (that was once more bullish than FacetSet consensus of $10.22) to $8.60.

Multiple bottoms are very good trading chart patterns. Maxim Group has "Sell" rating and $300 target. (NYSE:BWA) traded up 1.19% in the last session while performance was up 52.75% in the last five days. The total number of shares traded in the last 12 months is 2,602. Chipotle Mexican Grill, Inc. It is down 0.00% since October 25, 2016 and is. It has underperformed by 9.08% the S&P500. Of those analysts, 6 rate stock as a Strong Buy, 17 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. The company has a consensus rating of "Hold" and an average price target of $357.78. (NYSE:CMG) has "Market Perform" rating given on Tuesday, September 29 by Telsey Advisory Group. (NYSE:CMG) rating on Wednesday, March 16. The firm has "Underperform" rating given on Wednesday, October 18 by Bank of America.

Waiting until shares hit a better price to entice a shift to the bulls, the analyst reiterates a Hold rating on MCD stock with a price target of $170, which represents a 3% increase from current levels. On Tuesday, June 20 the stock rating was maintained by BTIG Research with "Neutral". American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 59.8% in the 2nd quarter. (NYSE:CMG) on Friday, February 3 to "Hold" rating. Finally, Deutsche Bank AG set a $240.00 target price on Chipotle Mexican Grill and gave the company a "sell" rating in a research note on Wednesday. (NYSE:CMG) on Thursday, December 24 with "Outperform" rating. Standpoint Research upgraded Chipotle Mexican Grill, Inc.

More notable recent Chipotle Mexican Grill, Inc. Iconiq Cap Lc reported 1.05% of its portfolio in Chipotle Mexican Grill, Inc.

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