Sanford C. Bernstein restated their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report released on Wednesday, The Fly reports. They currently have a $500.00 price objective on the restaurant operator’s stock, down from their previous price objective of $564.00.
Several other research firms have also recently weighed in on CMG. Credit Suisse Group cut their price objective on Chipotle Mexican Grill from $320.00 to $275.00 and set a neutral rating for the company in a research report on Wednesday, October 25th. Nomura upped their price target on Chipotle Mexican Grill from $291.00 to $315.00 and gave the company a neutral rating in a report on Tuesday, January 30th. Deutsche Bank reaffirmed a sell rating and issued a $290.00 price target (up previously from $240.00) on shares of Chipotle Mexican Grill in a report on Wednesday, January 31st. Royal Bank of Canada cut their price target on Chipotle Mexican Grill from $440.00 to $330.00 and set a sector perform rating for the company in a report on Friday, October 20th. Finally, Wedbush reaffirmed a hold rating and issued a $290.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Ten equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $350.28.
Chipotle Mexican Grill (NYSE:CMG) opened at $255.46 on Wednesday. Chipotle Mexican Grill has a 12-month low of $247.51 and a 12-month high of $499.00. The firm has a market capitalization of $7,210.00, a PE ratio of 41.47, a P/E/G ratio of 1.67 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. equities research analysts anticipate that Chipotle Mexican Grill will post 8.68 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. raised its holdings in shares of Chipotle Mexican Grill by 4.7% in the 2nd quarter. Suntrust Banks Inc. now owns 940 shares of the restaurant operator’s stock worth $389,000 after buying an additional 42 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Chipotle Mexican Grill by 1.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock worth $1,223,000 after acquiring an additional 44 shares during the last quarter. Cetera Investment Advisers grew its position in Chipotle Mexican Grill by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 56 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Chipotle Mexican Grill by 3.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock worth $1,467,000 after acquiring an additional 161 shares during the last quarter. Finally, National Asset Management Inc. grew its position in Chipotle Mexican Grill by 35.5% during the 2nd quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 172 shares during the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.
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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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