Chipotle Mexican Grill, Inc. (CMG) Stock Rating Reaffirmed by BMO Capital Markets

Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “market perform” rating reaffirmed by analysts at BMO Capital Markets in a report issued on Wednesday. They currently have a $330.00 target price on the restaurant operator’s stock, down from their previous target price of $350.00. BMO Capital Markets’ price objective suggests a potential upside of 4.26% from the stock’s previous close.

Several other research firms have also recently issued reports on CMG. ValuEngine raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Vetr cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $498.87 price objective on the stock. in a research report on Monday, June 5th. Wedbush reaffirmed a “neutral” rating and issued a $450.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 7th. Mizuho assumed coverage on Chipotle Mexican Grill in a research report on Thursday, June 8th. They issued a “buy” rating and a $533.00 price objective on the stock. Finally, Nomura lowered their price objective on Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Seven analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $398.32.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 1.34% during mid-day trading on Wednesday, reaching $312.29. The company had a trading volume of 156,456 shares. The company has a 50 day moving average price of $318.10 and a 200 day moving average price of $407.26. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 67.13 and a beta of 0.64. Chipotle Mexican Grill has a one year low of $295.11 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. On average, analysts anticipate that Chipotle Mexican Grill will post $7.55 EPS for the current year.

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Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock valued at $1,158,031,000 after acquiring an additional 63,636 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Chipotle Mexican Grill by 3,309.6% in the 1st quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after acquiring an additional 2,353,372 shares during the last quarter. State Street Corp lifted its holdings in shares of Chipotle Mexican Grill by 3.7% in the 1st quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after acquiring an additional 44,694 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Chipotle Mexican Grill by 59.8% in the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after acquiring an additional 210,872 shares during the last quarter. Finally, Carmignac Gestion lifted its holdings in shares of Chipotle Mexican Grill by 162.5% in the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after acquiring an additional 319,875 shares during the last quarter. 90.08% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)




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