While shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) had a terrible end to 2015, and first two weeks of 2016, the company may finally be able to look ahead instead of backwards.
The Center for Disease Control is wrapping up their investigation of the company over last year’s E.coli outbreak which infected 53 individuals, and hospitalized 20 of them. Shares had tumbled from $758 in mid-October all the way down to $399 on January 12 after investors feared that the outbreak may not have been contained. Over the last two weeks, however, shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have bounced back more than 13% from the lows seen earlier in the month. Meanwhile, the company now prepares to report their fourth quarter earnings after the bell tomorrow.
The stock decreased 0.46% or $2.1 on February 1, hitting $452.05. Approximately 5,614 shares traded hands. CMG shares have declined 25.42% since June 25, 2015 and are currently downtrending. It has underperformed the S&P500 by 16.55%.
From a total of 26 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG) stock, 10 rate it a “Buy”, 1 a “Sell”, and 15 a “Hold”. This means that 38% of the ratings are positive. The highest target price is $850 while the lowest target price is $400. The mean of all analyst targets is $595.25 which is 31.68% above today’s ($452.05) stock price. Chipotle Mexican Grill Inc. was the topic of 63 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. CLSA upgraded shares on January 14 to a “Buy” rating. Telsey Advisory Group downgraded shares to a”Market Perform” rating and a $555.0 target share price in their report from a January 6. Wedbush maintained CMG stock in a recent report from January 7 with a “Neutral” rating. Suntrust Robinson maintained the rating on December 7. Suntrust Robinson has a “Buy” rating and a $714 price target on shares. Finally, Credit Suisse maintained the stock with a “Outperform” rating in a report they issued on a January 7.
The institutional sentiment increased to 1 in Q2 2015. It’s up 0.04, from 0.96 in 2015Q2. The ratio is positive, as 62 funds sold all their Chipotle Mexican Grill, Inc. shares they owned while 178 reduced their positions. 59 funds bought stakes while 181 increased their total positions. Institutions now own 40.13 million shares which is 40.64% more than the previous share count of 28.53 million in 2015Q2.
Csat Investment Advisory L.P. holds 5.74% of its total portfolio in Chipotle Mexican Grill, Inc., equating to 9,078 shares. Windward Capital Management Co Ca owns 26,023 shares representing 5.11% of their total US portfolio. Moreover, Cim Llc has 4.82% of their total portfolio invested in the company, equating to 13,258 shares. The New Jersey-based Hhr Asset Management Llc has a total of 4.66% of their portfolio invested in the stock. Maryland Capital Management, a Maryland-based fund reported 34,524 shares owned.
Since March 17, 2015, the stock had 0 insider purchases, and 1 insider sale for a total of $1.50 million in net activity. Charlesworth John S sold 2,000 shares worth $1.50M. Crumpacker Mark sold 998 shares worth $729,817. Hartung Jack sold 2,485 shares worth $1.84M. Friedman Darlene J sold 1,379 shares worth $1.01 million. The insider Ells Steve sold 10,090 shares worth $6.98 million.
Chipotle Mexican Grill, Inc. 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 has a market cap of $14.13 billion. The Firm operates 1,755 restaurants in the United States, seven in Canada, six in England, three in France, and one in Germany. It has 26.96 P/E ratio. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants.