Chipotle Mexican Grill (CMG) Given a $275.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $275.00 price objective on Chipotle Mexican Grill (NYSE:CMG) in a research note released on Wednesday morning. The firm currently has a hold rating on the restaurant operator’s stock.

Several other research firms have also commented on CMG. William Blair reiterated a hold rating on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. Raymond James Financial upgraded shares of Chipotle Mexican Grill from an underperform rating to a market perform rating in a research report on Friday, January 19th. Citigroup upgraded shares of Chipotle Mexican Grill to a market perform rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Maxim Group restated a buy rating and set a $425.00 target price (up previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Finally, Vetr lowered shares of Chipotle Mexican Grill from a hold rating to a sell rating and set a $319.64 target price on the stock. in a research report on Wednesday, March 21st. Eight equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $338.71.

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CMG stock opened at $323.11 on Wednesday. The company has a market capitalization of $9,024.46, a PE ratio of 48.96, a price-to-earnings-growth ratio of 2.23 and a beta of 0.59. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, beating the consensus estimate of $1.32 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. sell-side analysts predict that Chipotle Mexican Grill will post 8.25 EPS for the current fiscal year.

In other Chipotle Mexican Grill news, Director Paul T. Cappuccio bought 500 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were acquired at an average price of $290.88 per share, with a total value of $145,440.00. Following the purchase, the director now owns 766 shares in the company, valued at approximately $222,814.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Pershing Square Capital Manage bought 420,322 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The disclosure for this purchase can be found here. In the last three months, insiders bought 423,822 shares of company stock worth $134,819,781. Insiders own 2.01% of the company’s stock.

Several hedge funds have recently modified their holdings of CMG. New York State Common Retirement Fund raised its stake in shares of Chipotle Mexican Grill by 9.7% in the 3rd quarter. New York State Common Retirement Fund now owns 157,372 shares of the restaurant operator’s stock valued at $48,444,000 after acquiring an additional 13,901 shares during the period. Pacer Advisors Inc. raised its stake in shares of Chipotle Mexican Grill by 43.2% in the 3rd quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after acquiring an additional 215 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Chipotle Mexican Grill by 2.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 44,572 shares of the restaurant operator’s stock valued at $13,875,000 after acquiring an additional 1,019 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $5,476,000. Finally, Legal & General Group Plc raised its stake in shares of Chipotle Mexican Grill by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 130,058 shares of the restaurant operator’s stock valued at $40,038,000 after acquiring an additional 2,860 shares during the period. 84.11% of the stock is currently owned by institutional investors and hedge funds.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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