Chipotle Mexican Grill (CMG) Price Target Increased to $425.00 by Analysts at Stephens

Chipotle Mexican Grill (NYSE:CMG) had its price target increased by Stephens from $350.00 to $425.00 in a research report report published on Thursday, MarketBeat.com reports. Stephens currently has an equal weight rating on the restaurant operator’s stock. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on the company. Bank of America lifted their price target on Chipotle Mexican Grill from $310.00 to $350.00 and gave the company an underperform rating in a research note on Tuesday. Wedbush lifted their price target on Chipotle Mexican Grill from $350.00 to $450.00 and gave the company a neutral rating in a research note on Friday, June 22nd. They noted that the move was a valuation call. Telsey Advisory Group lifted their price target on Chipotle Mexican Grill from $350.00 to $465.00 and gave the company a market perform rating in a research note on Thursday, June 21st. TheStreet upgraded Chipotle Mexican Grill from a c+ rating to a b- rating in a research note on Thursday, June 14th. Finally, Robert W. Baird lifted their price target on Chipotle Mexican Grill from $440.00 to $500.00 and gave the company an outperform rating in a research note on Thursday, May 31st. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $384.94.

Shares of CMG traded up $3.01 during trading hours on Thursday, hitting $431.37. The stock had a trading volume of 1,027,550 shares, compared to its average volume of 1,070,094. The company has a market cap of $12.77 billion, a PE ratio of 65.36, a P/E/G ratio of 3.10 and a beta of 0.50. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $474.46.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.56. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. equities research analysts predict that Chipotle Mexican Grill will post 8.49 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Gagnon Securities LLC raised its holdings in shares of Chipotle Mexican Grill by 2.6% in the 1st quarter. Gagnon Securities LLC now owns 4,618 shares of the restaurant operator’s stock worth $1,492,000 after purchasing an additional 118 shares during the period. X Square Capital LLC raised its holdings in shares of Chipotle Mexican Grill by 2.7% in the 1st quarter. X Square Capital LLC now owns 5,890 shares of the restaurant operator’s stock worth $1,903,000 after purchasing an additional 155 shares during the period. Global X Management Co. LLC raised its holdings in shares of Chipotle Mexican Grill by 12.0% in the 1st quarter. Global X Management Co. LLC now owns 1,748 shares of the restaurant operator’s stock worth $565,000 after purchasing an additional 187 shares during the period. OppenheimerFunds Inc. raised its holdings in shares of Chipotle Mexican Grill by 10.5% in the 4th quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock worth $611,000 after purchasing an additional 200 shares during the period. Finally, Fortis Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 3.3% in the 1st quarter. Fortis Advisors LLC now owns 6,200 shares of the restaurant operator’s stock worth $2,003,000 after purchasing an additional 200 shares during the period. 86.41% of the stock is currently owned by hedge funds and other institutional investors.

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)

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