The Analysts Set Chipotle Mexican Grill Inc. (CMG) PT at $423.28

The Analysts Set Chipotle Mexican Grill Inc. (CMG) PT at $423.28

Chipotle Mexican Grill Inc. (NYSE:CMG) has been given an average rating of “Hold” by the thirty-nine ratings firms that are covering the stock. Six research analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $416.48.

Several research firms recently commented on CMG. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $415.83 price objective on the stock in a research note on Monday, October 17th. Wedbush reiterated an “underperform” rating and issued a $370.00 price objective (down previously from $400.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 17th. Guggenheim downgraded Chipotle Mexican Grill from a “neutral” rating to a “sell” rating and set a $315.00 price objective on the stock. in a research note on Thursday, November 17th. Maxim Group reiterated a “sell” rating and issued a $325.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 12th. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Friday, January 6th.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 409.74 on Thursday. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $542.50. The stock’s 50 day moving average price is $389.88 and its 200 day moving average price is $402.73. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 165.48 and a beta of 0.61.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by $1.32. The business earned $1.04 billion during the quarter, compared to the consensus estimate of $13.71 million. Chipotle Mexican Grill had a net margin of 1.94% and a return on equity of 5.46%. The business’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.59 earnings per share. Analysts expect that Chipotle Mexican Grill will post $1.05 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of CMG. WFG Advisors LP increased its stake in Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock worth $120,000 after buying an additional 20 shares during the period. Van ECK Associates Corp increased its stake in shares of Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock worth $121,000 after buying an additional 53 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 122.3% in the third quarter. Cornerstone Advisors Inc. now owns 389 shares of the company’s stock worth $165,000 after buying an additional 214 shares during the last quarter. Tompkins Financial Corp increased its stake in shares of Chipotle Mexican Grill by 5.5% in the third quarter. Tompkins Financial Corp now owns 440 shares of the company’s stock worth $186,000 after buying an additional 23 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased 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 last quarter. 99.65% of the stock is owned by institutional investors and hedge funds.

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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