Chipotle Mexican Grill, Inc. (CMG) Shares Drop Under $400 Level Before Bouncing Back a Bit


Shareholders of Chipotle Mexican Grill, Inc. (NYSE:CMG) can’t seem to catch a break as of late, as bad news after bad news continues to push the share price lower.

Today, for the first time in over 16 months, shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have dropped under the $400 price level. Briefly touching $339.14 at approximately 2:05 p.m. ET, the stock has bounced back astraders and investors may believe that $400 will act as a solid support. Since the dip below $400 the share price has rebounded approximately 1% but still remains down on the day. Chipotle’s (NYSE:CMG) stock was trading as high as $750 as recently as mid-Ocotber, but health scares and a lack of growth have driven investors away for the time being.

The stock is down 1.53% or $6.27 following the news, hitting $404.83 per share. Approximately 1.10M shares traded hands. CMG shares have declined 32.40% since June 8, 2015 and are currently downtrending. It has underperformed the S&P500 by 24.91%.

From a total of 25 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG) stock, 9 rate it a “Buy”, 1 a “Sell”, and 15 a “Hold”. This means that 36% 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 $603.13 which is 48.98% above today’s ($404.83) stock price. Chipotle Mexican Grill Inc. was the topic of 59 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Wedbush maintained shares on January 7 with a “Neutral” rating. JP Morgan downgraded shares to a”Neutral” rating and a $555 target share price in their report from a December 22. Credit Suisse maintained CMG stock in a recent report from January 7 with a “Outperform” rating. Credit Agricole initiated the rating on December 9. Credit Agricole has a “Buy” rating and a $645 price target on shares. Finally, Telsey Advisory Group downgraded the stock to a “Market Perform” rating in a report they issued on a January 6.

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 buys, and 8 selling transactions for a total of $37.23 million in net activity. Charlesworth John S sold 2,000 shares worth $1.50 million. 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 $12.86 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 24.15 P/E ratio. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants.