Chipotle Mexican Grill’s (CMG) Neutral Rating Reaffirmed at Credit Suisse Group

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “neutral” rating restated by equities research analysts at Credit Suisse Group in a report issued on Tuesday. They presently have a $290.00 price target on the restaurant operator’s stock, up from their previous price target of $275.00. Credit Suisse Group’s target price would indicate a potential downside of 9.02% from the company’s previous close.

Several other analysts also recently issued reports on CMG. Deutsche Bank set a $240.00 target price on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Wednesday, October 25th. Jefferies Group decreased their target price on Chipotle Mexican Grill to $300.00 and set a “positive” rating on the stock in a research note on Wednesday, October 25th. BMO Capital Markets reissued a “market perform” rating and set a $275.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Telsey Advisory Group downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $370.00 to $330.00 in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. Eight analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $337.30.

Shares of Chipotle Mexican Grill (NYSE CMG) traded up $13.13 on Tuesday, reaching $318.76. The company had a trading volume of 1,608,907 shares, compared to its average volume of 1,514,780. The company has a market cap of $8,630.00, a P/E ratio of 52.04, a PEG ratio of 2.09 and a beta of 0.59. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $499.00.

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

In related news, Director Paul T. Cappuccio bought 500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was 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 in the company, valued at $222,814.08. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.01% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Mosaic Family Wealth LLC lifted its stake in shares of Chipotle Mexican Grill by 1,356.7% during the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 407 shares during the last quarter. First Interstate Bank lifted its stake in shares of Chipotle Mexican Grill by 111.1% during the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Chipotle Mexican Grill by 75.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 246 shares during the last quarter. Mercer Capital Advisers Inc. bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $183,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $197,000. 88.88% of the stock is owned by hedge funds and other 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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