Chipotle Mexican Grill (CMG) Stock Rating Reaffirmed by Barclays

Barclays reaffirmed their equal weight rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note released on Tuesday morning, MarketBeat.com reports. They currently have a $325.00 price objective on the restaurant operator’s stock, up from their previous price objective of $280.00.

A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a strong sell rating to a hold rating in a research note on Thursday, November 16th. Wells Fargo & Co restated a hold rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Mizuho restated a buy rating and issued a $450.00 price target on shares of Chipotle Mexican Grill in a research note on Saturday, September 23rd. Bank of America lowered shares of Chipotle Mexican Grill from a neutral rating to an underperform rating and dropped their price target for the stock from $390.00 to $285.00 in a research note on Wednesday, October 18th. Finally, UBS Group set a $345.00 price target on shares of Chipotle Mexican Grill and gave the stock a hold rating in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill has an average rating of Hold and a consensus target price of $359.26.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up $6.34 during trading hours on Tuesday, hitting $343.87. 1,152,974 shares of the company were exchanged, compared to its average volume of 817,403. The company has a market capitalization of $9,529.46, a price-to-earnings ratio of 66.64, a PEG ratio of 2.02 and a beta of 0.50. Chipotle Mexican Grill has a fifty-two week low of $263.00 and a fifty-two week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. equities analysts predict that Chipotle Mexican Grill will post 6.58 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Interstate Bank boosted its holdings in shares of Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $205,000. Raymond James Trust N.A. boosted its holdings in shares of Chipotle Mexican Grill by 10.1% during the second quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 50 shares during the period. Mercer Capital Advisers Inc. acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at $183,000. Finally, TLP Group LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $251,000. 88.43% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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