Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Wednesday. They currently have a $360.00 price objective on the restaurant operator’s stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 18.65% from the stock’s previous close.
CMG has been the subject of several other reports. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective for the company in a research report on Tuesday, May 30th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Deutsche Bank AG restated a “sell” rating and set a $350.00 price target (up from $300.00) on shares of Chipotle Mexican Grill in a research report on Monday, July 10th. Robert W. Baird restated a “hold” rating and set a $385.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 1st. Finally, Wells Fargo & Company restated a “market perform” rating and set a $470.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, July 14th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus target price of $398.97.
Chipotle Mexican Grill (NYSE:CMG) traded up 2.12% during trading on Wednesday, reaching $309.84. The company had a trading volume of 1,060,604 shares. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 66.60 and a beta of 0.64. Chipotle Mexican Grill has a 52 week low of $295.11 and a 52 week high of $499.00. The company’s 50-day moving average is $318.10 and its 200 day moving average is $407.26.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill will post $7.59 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lord Abbett & CO. LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at approximately $10,887,000. Toronto Dominion Bank boosted its stake in shares of Chipotle Mexican Grill by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock worth $4,025,000 after acquiring an additional 1,914 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Chipotle Mexican Grill by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 56 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Chipotle Mexican Grill by 945.1% during the 2nd quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock worth $396,000 after acquiring an additional 860 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $313,000. 90.08% of the stock is currently owned by institutional investors.
About Chipotle Mexican Grill
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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