Chipotle Mexican Grill (NYSE:CMG) had its target price increased by equities research analysts at Wells Fargo & Co from $325.00 to $405.00 in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co’s price target indicates a potential downside of 6.11% from the stock’s previous close.
Several other equities research analysts have also recently commented on CMG. UBS Group set a $275.00 target price on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Friday, March 9th. Wedbush restated 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. Maxim Group restated a “buy” rating and issued a $410.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, March 14th. Piper Jaffray Companies restated an “overweight” rating and issued a $355.00 target price (up previously from $318.00) on shares of Chipotle Mexican Grill in a research note on Thursday, March 15th. Finally, Vetr cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $319.64 target price on the stock. in a research note on Wednesday, March 21st. Six 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 price target of $384.94.
Chipotle Mexican Grill opened at $431.37 on Thursday, according to Marketbeat.com. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 65.36, a PEG ratio of 2.88 and a beta of 0.50. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $474.46.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.56. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. equities research analysts expect that Chipotle Mexican Grill will post 8.54 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of CMG. Sharkey Howes & Javer increased its holdings in shares of Chipotle Mexican Grill by 953.9% during the 4th quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock worth $115,000 after acquiring an additional 11,447 shares during the last quarter. Mosaic Family Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 1,356.7% during the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 407 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of Chipotle Mexican Grill by 71.7% during the 1st quarter. Federated Investors Inc. PA now owns 541 shares of the restaurant operator’s stock worth $175,000 after acquiring an additional 226 shares during the last quarter. IFP Advisors Inc boosted its stake in Chipotle Mexican Grill by 162.7% in the 1st quarter. IFP Advisors Inc now owns 599 shares of the restaurant operator’s stock valued at $194,000 after purchasing an additional 371 shares during the period. Finally, Koch Industries Inc. bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at $206,000. 86.41% of the stock is currently owned by institutional investors and hedge funds.
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.
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.