Chipotle Mexican Grill (CMG) Price Target Increased to $320.00 by Analysts at JPMorgan Chase

Chipotle Mexican Grill (NYSE:CMG) had its target price boosted by stock analysts at JPMorgan Chase to $320.00 in a report released on Monday. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase’s price objective indicates a potential downside of 2.54% from the company’s previous close.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. ValuEngine downgraded Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Wells Fargo raised their target price on Chipotle Mexican Grill from $280.00 to $300.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 30th. They noted that the move was a valuation call. Citigroup upgraded Chipotle Mexican Grill to a “market perform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call. Finally, Maxim Group restated a “buy” rating and issued a $425.00 target price (up previously from $400.00) on shares of Chipotle Mexican Grill in a research note on Thursday, January 18th. Eight research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $338.10.

How to Become a New Pot Stock Millionaire

Shares of CMG stock traded down $3.60 on Monday, hitting $328.35. 55,195 shares of the stock were exchanged, compared to its average volume of 1,134,194. The company has a market capitalization of $9,271.45, a price-to-earnings ratio of 50.06, a PEG ratio of 2.29 and a beta of 0.55. Chipotle Mexican Grill has a one year low of $247.51 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results 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. The company 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 firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. analysts predict that Chipotle Mexican Grill will post 8.25 EPS for the current fiscal year.

In other news, Director Pershing Square Capital Manage acquired 420,322 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $318.14 per share, with a total value of $133,721,241.08. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ali Namvar acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 423,822 shares of company stock worth $134,819,781. 2.19% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado raised its holdings in shares of 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 valued at $1,467,000 after buying an additional 161 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Chipotle Mexican Grill by 10.5% during the 4th quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock valued at $611,000 after buying an additional 200 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of Chipotle Mexican Grill by 12.5% during the 4th quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $583,000 after buying an additional 224 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Chipotle Mexican Grill by 75.7% during the 4th 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 in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Chipotle Mexican Grill by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 42,963 shares of the restaurant operator’s stock valued at $12,418,000 after buying an additional 268 shares in the last quarter. 84.45% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Chipotle Mexican Grill (CMG) Price Target Increased to $320.00 by Analysts at JPMorgan Chase” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/23/chipotle-mexican-grill-cmg-price-target-increased-to-320-00-by-analysts-at-jpmorgan-chase.html.

Chipotle Mexican Grill Company Profile

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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply