Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “hold” rating reiterated by stock analysts at Barclays PLC in a report issued on Wednesday, October 25th. They presently have a $280.00 target price on the restaurant operator’s stock, down from their previous target price of $325.00. Barclays PLC’s target price suggests a potential upside of 0.20% from the stock’s current price.
A number of other analysts have also commented on the company. SunTrust Banks, Inc. reissued a “buy” rating and issued a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Wedbush lowered Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $470.00 to $370.00 in a report on Friday, July 21st. Maxim Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price objective for the company from $440.00 to $470.00 in a research report on Tuesday, July 18th. Wells Fargo & Company reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Friday, October 13th. Finally, Cowen and Company downgraded Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $370.00 to $250.00 in a research report on Friday, September 8th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $356.06.
Shares of Chipotle Mexican Grill (NYSE CMG) opened at $279.45 on Wednesday. The firm has a market capitalization of $7,764.05, a P/E ratio of 47.41, a PEG ratio of 2.38 and a beta of 0.44. Chipotle Mexican Grill has a 1 year low of $264.90 and a 1 year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. equities analysts expect that Chipotle Mexican Grill will post 6.59 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake in shares of Chipotle Mexican Grill by 8.2% during the third quarter. Wells Fargo & Company MN now owns 105,040 shares of the restaurant operator’s stock valued at $32,335,000 after buying an additional 7,922 shares during the period. BKS Advisors LLC raised its stake in Chipotle Mexican Grill by 23.3% during the third quarter. BKS Advisors LLC now owns 1,190 shares of the restaurant operator’s stock worth $366,000 after purchasing an additional 225 shares during the period. Archon Capital Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth approximately $7,834,000. Legal & General Group Plc raised its stake in Chipotle Mexican Grill by 2.2% during the third quarter. Legal & General Group Plc now owns 130,058 shares of the restaurant operator’s stock worth $40,038,000 after purchasing an additional 2,860 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $5,476,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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