Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a $250.00 price target by Deutsche Bank AG in a research report issued on Wednesday. The firm presently has a “sell” rating on the restaurant operator’s stock. Deutsche Bank AG’s price target would suggest a potential downside of 23.14% from the company’s previous close.
Several other research analysts have also recently weighed in on the company. Robert W. Baird restated a “hold” rating and set a $340.00 target price (down from $385.00) on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Mizuho restated a “buy” rating and set a $533.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 21st. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. Maxim Group restated a “hold” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Finally, Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $375.66.
Shares of Chipotle Mexican Grill (CMG) traded down 0.60% during trading on Wednesday, reaching $323.33. The company had a trading volume of 441,641 shares. The company has a market capitalization of $9.22 billion, a PE ratio of 69.50 and a beta of 0.60. Chipotle Mexican Grill has a 52 week low of $295.11 and a 52 week high of $499.00. The stock’s 50-day moving average price is $312.64 and its 200-day moving average price is $391.72.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business earned $0.87 EPS. Chipotle Mexican Grill’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill will post $7.42 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $107,000. Korea Investment CORP boosted its stake in shares of Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Chipotle Mexican Grill by 84.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 90.06% of the company’s stock.
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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