UBS Group set a $275.00 target price on Chipotle Mexican Grill (NYSE:CMG) in a research report released on Friday morning. The firm currently has a sell rating on the restaurant operator’s stock.
Several other equities analysts also recently issued reports on the stock. Maxim Group reaffirmed a buy rating and set a $425.00 price objective (up from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. SunTrust Banks reaffirmed a buy rating and set a $340.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, February 7th. Piper Jaffray Companies set a $318.00 price objective on shares of Chipotle Mexican Grill and gave the company a buy rating in a report on Wednesday, February 14th. Vetr downgraded shares of Chipotle Mexican Grill from a strong-buy rating to a buy rating and set a $326.43 price objective on the stock. in a report on Tuesday, February 20th. Finally, Barclays reaffirmed an equal weight rating and set a $325.00 price objective (up from $280.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 16th. Eight research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have given a buy rating to the company. Chipotle Mexican Grill currently has an average rating of Hold and a consensus target price of $336.98.
Chipotle Mexican Grill (NYSE CMG) traded up $0.30 during trading hours on Friday, hitting $322.16. 564,683 shares of the stock were exchanged, compared to its average volume of 1,600,000. The firm has a market capitalization of $9,010.00, a price-to-earnings ratio of 52.30, a P/E/G ratio of 2.20 and a beta of 0.58. Chipotle Mexican Grill has a 1 year low of $247.51 and a 1 year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. analysts predict that Chipotle Mexican Grill will post 8.32 earnings per share for the current fiscal year.
In other Chipotle Mexican Grill news, Director Ali Namvar acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average price of $317.70 per share, for a total transaction of $953,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pershing Square Capital Manage acquired 420,322 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $318.14 per share, with a total value of $133,721,241.08. The disclosure for this purchase can be found here. Insiders purchased 423,822 shares of company stock valued at $134,819,781 in the last 90 days. Company insiders own 2.01% of the company’s stock.
A number of institutional investors have recently modified their holdings of CMG. Independent Franchise Partners LLP purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $107,391,000. Principal Financial Group Inc. lifted its stake in Chipotle Mexican Grill by 196.5% in the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after acquiring an additional 177,530 shares during the last quarter. Check Capital Management Inc. CA purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $54,272,000. Timucuan Asset Management Inc. FL purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $45,643,000. Finally, Janus Henderson Group PLC lifted its position in shares of Chipotle Mexican Grill by 332.5% during the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after buying an additional 124,330 shares during the last quarter. Institutional investors own 83.48% of the company’s stock.
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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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