Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “overweight” rating reiterated by equities research analysts at Piper Jaffray in a report issued on Thursday, March 15th, MarketBeat reports. They presently have a $355.00 price objective on the restaurant operator’s stock, up from their prior price objective of $318.00. Piper Jaffray’s price target indicates a potential upside of 11.61% from the stock’s previous close.
A number of other analysts have also weighed in on the company. Maxim Group reiterated a “buy” rating and issued a $410.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, March 14th. Wedbush reiterated a “neutral” rating and issued a $310.00 target price (up previously from $285.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, March 13th. UBS set a $275.00 price target on Chipotle Mexican Grill and gave the stock a “sell” rating in a research report on Friday, March 9th. Wells Fargo reissued a “market perform” rating and set a $290.00 price target (up previously from $270.00) on shares of Chipotle Mexican Grill in a research report on Thursday, March 8th. They noted that the move was a valuation call. Finally, Robert W. Baird raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $315.00 to $295.00 in a research report on Tuesday, February 27th. Nine analysts have rated the stock with a sell rating, twenty-three have given a hold rating and eight have given a buy rating to the stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average target price of $337.78.
CMG stock traded down $9.64 during midday trading on Thursday, reaching $318.07. The company’s stock had a trading volume of 633,603 shares, compared to its average volume of 712,517. Chipotle Mexican Grill has a 1 year low of $247.51 and a 1 year high of $499.00. The firm has a market cap of $8,883.70, a price-to-earnings ratio of 48.19, a PEG ratio of 2.19 and a beta of 0.55.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. equities research analysts forecast that Chipotle Mexican Grill will post 8.24 earnings per share for the current fiscal year.
In other Chipotle Mexican Grill news, Director Ali Namvar purchased 3,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was bought at an average cost of $317.70 per share, for a total transaction of $953,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pershing Square Capital Manage purchased 420,322 shares of the firm’s stock in a transaction 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. Over the last quarter, insiders acquired 423,822 shares of company stock valued at $134,819,781. 2.01% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Sharkey Howes & Javer raised its stake in Chipotle Mexican Grill by 953.9% in the fourth quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock valued at $115,000 after buying an additional 11,447 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in 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 valued at $126,000 after buying an additional 407 shares during the last quarter. First Interstate Bank raised 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 buying an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised 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 buying an additional 246 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $197,000. Institutional investors own 84.11% of the company’s stock.
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About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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