Sanford C. Bernstein Reiterates “Outperform” Rating for Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “outperform” rating restated by investment analysts at Sanford C. Bernstein in a research note issued on Tuesday. They currently have a $500.00 target price on the restaurant operator’s stock. Sanford C. Bernstein’s price objective indicates a potential upside of 47.27% from the company’s previous close.

A number of other brokerages also recently commented on CMG. William Blair reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. SunTrust Banks reiterated a “buy” rating and set a $380.00 price objective (up previously from $340.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, April 18th. Raymond James upgraded Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research report on Friday, January 19th. Citigroup upgraded 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. Finally, Maxim Group reiterated a “buy” rating and set a $425.00 price objective (up previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Eight equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $331.36.

CMG opened at $339.52 on Tuesday. The company has a market capitalization of $9,303.57, a price-to-earnings ratio of 50.55, a PEG ratio of 2.30 and a beta of 0.55. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 25th. The restaurant operator reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.56. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts predict that Chipotle Mexican Grill will post 8.25 EPS for the current fiscal year.

In other Chipotle Mexican Grill news, Director Ali Namvar bought 3,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were purchased at an average cost of $317.70 per share, with a total value of $953,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pershing Square Capital Manage bought 420,322 shares of the stock in a transaction on Wednesday, February 28th. The shares were 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. Insiders bought 423,822 shares of company stock worth $134,819,781 over the last ninety days. 2.19% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado increased its position in Chipotle Mexican Grill by 3.3% during the fourth 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. OppenheimerFunds Inc. increased its position in Chipotle Mexican Grill by 10.5% during the fourth quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock worth $611,000 after buying an additional 200 shares during the last quarter. Flinton Capital Management LLC increased its position in Chipotle Mexican Grill by 12.5% during the fourth quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock worth $583,000 after buying an additional 224 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after buying an additional 246 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Chipotle Mexican Grill by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 42,963 shares of the restaurant operator’s stock worth $12,418,000 after buying an additional 268 shares during the last quarter. 84.45% of the stock is currently owned by hedge funds and other institutional investors.

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Chipotle Mexican Grill Company Profile

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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