Chipotle Mexican Grill (NYSE:CMG) had its price objective dropped by stock analysts at Barclays from $325.00 to $305.00 in a research note issued to investors on Wednesday, February 7th. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ target price would suggest a potential upside of 6.48% from the stock’s current price.
A number of other equities analysts also recently weighed in on CMG. Robert W. Baird cut their target price on Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Mizuho downgraded Chipotle Mexican Grill from a “buy” rating to a “neutral” rating and set a $533.00 target price on the stock. in a research note on Wednesday, February 7th. Maxim Group restated a “buy” rating and issued a $410.00 target price (down previously from $425.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, February 7th. Bank of America cut their target price on Chipotle Mexican Grill from $285.00 to $270.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada cut their target price on Chipotle Mexican Grill to $310.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 7th. Nine investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $342.25.
Chipotle Mexican Grill (NYSE CMG) traded up $35.11 during mid-day trading on Wednesday, reaching $286.44. The company’s stock had a trading volume of 4,140,756 shares, compared to its average volume of 1,436,219. The firm has a market cap of $8,140.00, a P/E ratio of 46.64, a P/E/G ratio of 1.66 and a beta of 0.59. Chipotle Mexican Grill has a fifty-two week low of $247.51 and a fifty-two week high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. research analysts anticipate that Chipotle Mexican Grill will post 8.36 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 1,356.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 407 shares during the period. First Interstate Bank increased its stake in Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Chipotle Mexican Grill by 75.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 246 shares during the last quarter. Mercer Capital Advisers Inc. bought a new position in Chipotle Mexican Grill in the third quarter valued at $183,000. Finally, National Asset Management Inc. increased its stake in Chipotle Mexican Grill by 35.5% in the second quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock valued at $274,000 after acquiring an additional 172 shares during the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.
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About Chipotle Mexican Grill
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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