Buckingham Research Initiates Coverage on Chipotle Mexican Grill to Buy

Buckingham Research Initiates Coverage on Chipotle Mexican Grill(NYSE:CMG). The shares have been rated Buy. The rating by Buckingham Research was issued on Jun 16, 2016.

In a different note, On Jun 13, 2016, Deutsche Bank said it Maintains its rating on Chipotle Mexican Grill. In the research note, the firm Lowers the price-target to $360.00 per share. The shares have been rated ‘Sell’ by the firm. On May 26, 2016, Cleveland Research said it Downgrades its rating on Chipotle Mexican Grill. The shares have been rated ‘Neutral’ by the firm. On Apr 27, 2016, BTIG Research said it Downgrades its rating on Chipotle Mexican Grill. The shares have been rated ‘Neutral’ by the firm. On Apr 27, 2016, UBS said it Maintains its rating on Chipotle Mexican Grill. In the research note, the firm Lowers the price-target to $460.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 27, 2016, Cowen & Company said it Maintains its rating on Chipotle Mexican Grill. In the research note, the firm Lowers the price-target to $430.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Apr 27, 2016, Maxim Group said it Maintains its rating on Chipotle Mexican Grill. In the research note, the firm Lowers the price-target to $350.00 per share. The shares have been rated ‘Sell’ by the firm.

Chipotle Mexican Grill (CMG) shares turned negative on Tuesdays trading session with the shares closing down -4.98 points or -1.25% at a volume of 10,50,020. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $399.66. The peak price level was also seen at $399.66 while the days lowest was $387.89. Finally the shares closed at $391.96. The 52-week high of the shares is $758.61 while the 52-week low is $384.77. According to the latest information available, the market cap of the company is $11,446 M.

Chipotle Mexican Grill(CMG) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $834.46M. Analysts had an estimated revenue of $868.39M. Earnings per share were $-0.88. Analysts had estimated an EPS of $-0.94.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Steve Ells (Chairman & Co-CEO) sold 21,000 shares at $440.65 per share price.Also, 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.

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