Chipotle Mexican Grill (CMG) Given a $340.00 Price Target at SunTrust Banks

SunTrust Banks set a $340.00 price target on Chipotle Mexican Grill (NYSE:CMG) in a research report sent to investors on Wednesday. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the company. Credit Suisse Group restated a neutral rating and set a $275.00 price target (down previously from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, February 7th. Robert W. Baird reduced their price target on Chipotle Mexican Grill from $310.00 to $295.00 and set a neutral rating on the stock in a report on Wednesday, February 7th. Wedbush downgraded Chipotle Mexican Grill from a hold rating to a sell rating and set a $280.00 price target on the stock. in a report on Wednesday, February 7th. Barclays reduced their price target on Chipotle Mexican Grill from $325.00 to $305.00 and set an equal weight rating on the stock in a report on Wednesday, February 7th. Finally, Royal Bank of Canada reduced their price target on Chipotle Mexican Grill to $310.00 and set a sector perform rating on the stock in a report on Wednesday, February 7th. Nine equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $342.25.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at $305.63 on Wednesday. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $499.00. The firm has a market capitalization of $9,200.00, a PE ratio of 49.62, a PEG ratio of 1.96 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.55 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.3% on a year-over-year basis. equities analysts anticipate that Chipotle Mexican Grill will post 8.32 earnings per share for the current year.

In other news, Director Paul T. Cappuccio bought 500 shares of Chipotle Mexican Grill stock in a transaction on Thursday, February 15th. The shares were purchased at an average price of $290.88 per share, for a total transaction of $145,440.00. Following the acquisition, the director now owns 766 shares of the company’s stock, valued at $222,814.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.01% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock worth $1,223,000 after acquiring an additional 44 shares during the period. Cetera Investment Advisers grew its holdings 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 during the period. Public Employees Retirement Association of Colorado grew its stake in shares of Chipotle Mexican Grill by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock worth $1,467,000 after buying an additional 161 shares during the last quarter. Tyers Asset Management LLC grew its stake in shares of Chipotle Mexican Grill by 12.5% in the 4th quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $458,000 after buying an additional 176 shares during the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 17.9% in the 3rd quarter. LS Investment Advisors LLC now owns 1,180 shares of the restaurant operator’s stock worth $363,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

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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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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