Piper Jaffray Companies Analysts Give Chipotle Mexican Grill, Inc. (CMG) a $483.00 Price Target, Report finds

Piper Jaffray Companies Analysts Give Chipotle Mexican Grill, Inc. (CMG) a $483.00 Price Target, Report finds

Piper Jaffray Companies set a $483.00 price objective on Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on CMG. Buckingham Research set a $547.00 price target on shares of Chipotle Mexican Grill and gave the stock a buy rating in a research note on Thursday, October 20th. Deutsche Bank AG dropped their target price on shares of Chipotle Mexican Grill from $340.00 to $280.00 and set a sell rating on the stock in a report on Wednesday, October 26th. Maxim Group dropped their target price on shares of Chipotle Mexican Grill from $300.00 to $280.00 and set a sell rating on the stock in a report on Monday, December 12th. Stephens reiterated an underweight rating and set a $325.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, January 12th. Finally, Vetr upgraded shares of Chipotle Mexican Grill from a hold rating to a buy rating and set a $415.83 target price on the stock in a report on Monday, October 17th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the stock. Chipotle Mexican Grill presently has an average rating of Hold and an average price target of $417.45.

Chipotle Mexican Grill (NYSE:CMG) opened at 402.94 on Friday. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $542.50. The firm has a 50-day moving average of $402.65 and a 200 day moving average of $402.97. The stock has a market capitalization of $11.61 billion, a PE ratio of 523.30 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.17 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill will post $8.26 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, Director Matthew H. Paull purchased 400 shares of the business’s stock in a transaction on Monday, February 6th. The shares were bought at an average cost of $397.71 per share, for a total transaction of $159,084.00. Following the completion of the purchase, the director now directly owns 416 shares of the company’s stock, valued at $165,447.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.58% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Chipotle Mexican Grill by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 444 shares of the company’s stock worth $188,000 after buying an additional 3 shares during the period. Raymond James Trust N.A. raised its stake in shares of Chipotle Mexican Grill by 0.5% in the third quarter. Raymond James Trust N.A. now owns 885 shares of the company’s stock worth $374,000 after buying an additional 4 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,094 shares of the company’s stock worth $441,000 after buying an additional 6 shares during the period. Concannon Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.1% in the third quarter. Concannon Wealth Management LLC now owns 556 shares of the company’s stock worth $235,000 after buying an additional 6 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Chipotle Mexican Grill by 1.9% in the third quarter. Cullen Frost Bankers Inc. now owns 695 shares of the company’s stock worth $294,000 after buying an additional 13 shares during the period. Institutional investors own 96.62% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

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Piper Jaffray Companies Analysts Give Chipotle Mexican Grill, Inc. (CMG) a $483.00 Price Target

Piper Jaffray Companies Analysts Give Chipotle Mexican Grill, Inc. (CMG) a $483.00 Price Target

Piper Jaffray Companies set a $483.00 price objective on Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on CMG. Buckingham Research set a $547.00 price target on shares of Chipotle Mexican Grill and gave the stock a buy rating in a research note on Thursday, October 20th. Deutsche Bank AG dropped their target price on shares of Chipotle Mexican Grill from $340.00 to $280.00 and set a sell rating on the stock in a report on Wednesday, October 26th. Maxim Group dropped their target price on shares of Chipotle Mexican Grill from $300.00 to $280.00 and set a sell rating on the stock in a report on Monday, December 12th. Stephens reiterated an underweight rating and set a $325.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, January 12th. Finally, Vetr upgraded shares of Chipotle Mexican Grill from a hold rating to a buy rating and set a $415.83 target price on the stock in a report on Monday, October 17th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the stock. Chipotle Mexican Grill presently has an average rating of Hold and an average price target of $417.45.

Chipotle Mexican Grill (NYSE:CMG) opened at 402.94 on Friday. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $542.50. The firm has a 50-day moving average of $402.65 and a 200 day moving average of $402.97. The stock has a market capitalization of $11.61 billion, a PE ratio of 523.30 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.17 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill will post $8.26 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, Director Matthew H. Paull purchased 400 shares of the business’s stock in a transaction on Monday, February 6th. The shares were bought at an average cost of $397.71 per share, for a total transaction of $159,084.00. Following the completion of the purchase, the director now directly owns 416 shares of the company’s stock, valued at $165,447.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.58% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Chipotle Mexican Grill by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 444 shares of the company’s stock worth $188,000 after buying an additional 3 shares during the period. Raymond James Trust N.A. raised its stake in shares of Chipotle Mexican Grill by 0.5% in the third quarter. Raymond James Trust N.A. now owns 885 shares of the company’s stock worth $374,000 after buying an additional 4 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,094 shares of the company’s stock worth $441,000 after buying an additional 6 shares during the period. Concannon Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.1% in the third quarter. Concannon Wealth Management LLC now owns 556 shares of the company’s stock worth $235,000 after buying an additional 6 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Chipotle Mexican Grill by 1.9% in the third quarter. Cullen Frost Bankers Inc. now owns 695 shares of the company’s stock worth $294,000 after buying an additional 13 shares during the period. Institutional investors own 96.62% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

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Leave a Comment