Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating restated by equities researchers at Bank of America Corporation in a research note issued to investors on Wednesday, July 26th. They presently have a $390.00 price objective on the restaurant operator’s stock, down from their prior price objective of $425.00. Bank of America Corporation’s price target points to a potential upside of 20.83% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on CMG. UBS AG restated a “neutral” rating and set a $410.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, March 29th. Canaccord Genuity restated a “hold” rating and set a $440.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. J P Morgan Chase & Co upped their price objective on shares of Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Instinet reaffirmed a “neutral” rating and set a $480.00 price objective (down previously from $510.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Finally, Cowen and Company upped their price objective on shares of Chipotle Mexican Grill from $375.00 to $440.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $405.15.
Chipotle Mexican Grill (CMG) opened at 322.78 on Wednesday. The stock has a 50 day moving average price of $369.27 and a 200 day moving average price of $425.91. The stock has a market capitalization of $9.20 billion, a PE ratio of 69.39 and a beta of 0.62. Chipotle Mexican Grill has a 52 week low of $317.41 and a 52 week high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company posted $0.87 EPS. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill will post $7.73 EPS for the current year.
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A number of large investors have recently bought and sold shares of CMG. Bank of Montreal Can raised its stake in 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 worth $11,808,000 after buying an additional 14,397 shares during the last quarter. Pennsylvania Trust Co acquired a new stake in Chipotle Mexican Grill during the first quarter worth $267,000. National Pension Service raised its stake in Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock worth $12,684,000 after buying an additional 2,422 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in 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 worth $4,097,000 after buying an additional 75 shares during the last quarter. Finally, Puplava Financial Services Inc. acquired a new stake in Chipotle Mexican Grill during the first quarter worth $347,000. 98.37% of the stock is currently owned by hedge funds and other institutional investors.
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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