Analysts Set Chipotle Mexican Grill, Inc. (CMG) PT at $428.67

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average rating of “Hold” from the thirty-nine research firms that are presently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $427.90.

A number of equities research analysts have commented on CMG shares. Wedbush cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $450.00 to $445.00 in a report on Monday, August 27th. Jefferies Financial Group raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $413.00 to $600.00 in a report on Wednesday, August 15th. Oppenheimer cut Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 target price on the stock. in a report on Monday, October 1st. They noted that the move was a valuation call. Finally, CIBC reaffirmed an “underperform” rating on shares of Chipotle Mexican Grill in a report on Monday, October 1st.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $487.29, for a total transaction of $401,213,632.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Asset Management Company LTD increased its stake in Chipotle Mexican Grill by 7.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,748 shares of the restaurant operator’s stock worth $754,000 after acquiring an additional 115 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 7.1% during the second quarter. Carnegie Capital Asset Management LLC now owns 2,252 shares of the restaurant operator’s stock valued at $1,111,000 after buying an additional 150 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Chipotle Mexican Grill by 12.6% during the third quarter. IFM Investors Pty Ltd now owns 1,387 shares of the restaurant operator’s stock valued at $630,000 after buying an additional 155 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Chipotle Mexican Grill by 2.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,216 shares of the restaurant operator’s stock valued at $3,113,000 after buying an additional 177 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of Chipotle Mexican Grill by 18.4% during the second quarter. Kovack Advisors Inc. now owns 1,195 shares of the restaurant operator’s stock valued at $515,000 after buying an additional 186 shares during the period. 88.23% of the stock is currently owned by institutional investors.

NYSE:CMG traded up $2.65 on Wednesday, reaching $431.19. 563,285 shares of the company’s stock traded hands, compared to its average volume of 950,596. The stock has a market cap of $11.92 billion, a PE ratio of 65.33, a P/E/G ratio of 2.81 and a beta of 0.44. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $2.87 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.09. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Chipotle Mexican Grill had a return on equity of 15.64% and a net margin of 3.65%. As a group, research analysts forecast that Chipotle Mexican Grill will post 8.57 EPS for the current year.

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply