Chipotle Mexican Grill, Inc. (CMG) Rating Reiterated by Robert W. Baird
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reiterated by equities research analysts at Robert W. Baird in a research report issued on Friday, July 21st. They currently have a $425.00 price target on the restaurant operator’s stock, down from their prior price target of $490.00. Robert W. Baird’s target price points to a potential upside of 36.55% from the stock’s previous close.
A number of other equities analysts have also issued reports on CMG. Wedbush reaffirmed a “neutral” rating and set a $400.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, March 27th. Vetr lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $436.84 price target for the company. in a research note on Tuesday, March 28th. UBS AG reaffirmed a “neutral” rating and set a $410.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, March 29th. Credit Suisse Group reaffirmed a “hold” rating and set a $375.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, April 7th. Finally, Jefferies Group LLC reissued a “sell” rating and set a $300.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, April 12th. Seven research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $405.15.
Shares of Chipotle Mexican Grill (NYSE CMG) traded down 2.10% during trading on Friday, reaching $311.24. The company had a trading volume of 1,216,339 shares. The stock’s 50-day moving average price is $360.68 and its 200-day moving average price is $423.62. Chipotle Mexican Grill has a 12 month low of $311.01 and a 12 month high of $499.00. The stock has a market capitalization of $8.87 billion, a PE ratio of 66.90 and a beta of 0.62.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.87 EPS. Equities analysts forecast that Chipotle Mexican Grill will post $7.73 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in CMG. Bank of Montreal Can raised its position in shares of Chipotle Mexican Grill by 118.9% in the first quarter. Bank of Montreal Can now owns 26,505 shares of the restaurant operator’s stock valued at $11,808,000 after buying an additional 14,397 shares during the period. Pennsylvania Trust Co purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $267,000. National Pension Service raised its position in shares of Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock valued at $12,684,000 after buying an additional 2,422 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Chipotle Mexican Grill by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator’s stock valued at $4,097,000 after buying an additional 75 shares during the period. Finally, Puplava Financial Services Inc. purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $347,000. 98.37% of the stock is owned by institutional investors.
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.
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