Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “underperform” rating reissued by research analysts at Raymond James Financial, Inc. in a research report issued on Friday. They currently have a $392.00 price target on the restaurant operator’s stock. Raymond James Financial, Inc.’s price objective points to a potential upside of 13.51% from the stock’s current price.
A number of other equities analysts have also recently weighed in on CMG. Wedbush reaffirmed a “neutral” rating and issued a $400.00 price target on shares of Chipotle Mexican Grill in a report on Monday, March 27th. Vetr cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $436.84 price target for the company. in a report on Tuesday, March 28th. UBS AG reaffirmed a “neutral” rating and issued a $410.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, March 29th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $375.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 7th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and issued a $300.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, April 12th. Nine investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $431.50.
Chipotle Mexican Grill (CMG) traded down 3.01% during mid-day trading on Friday, hitting $345.34. The company had a trading volume of 3,198,286 shares. The firm has a market capitalization of $9.90 billion, a P/E ratio of 106.82 and a beta of 0.64. Chipotle Mexican Grill has a 12 month low of $344.21 and a 12 month high of $499.00. The company has a 50-day moving average price of $427.08 and a 200 day moving average price of $434.55.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.32. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. Chipotle Mexican Grill’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.88) EPS. Equities analysts forecast that Chipotle Mexican Grill will post $8.03 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of Chipotle Mexican Grill by 118.9% in the first quarter. Bank of Montreal Can now owns 26,505 shares of the restaurant operator’s stock valued at $11,808,000 after buying an additional 14,397 shares during the last quarter. Pennsylvania Trust Co bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $267,000. National Pension Service boosted its stake in shares of Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock valued at $12,684,000 after buying an additional 2,422 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Chipotle Mexican Grill by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator’s stock valued at $4,097,000 after buying an additional 75 shares during the last quarter. Finally, Puplava Financial Services Inc. bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $347,000. Institutional investors and hedge funds own 95.62% of the company’s stock.
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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