Chipotle Mexican Grill, Inc. (CMG) Given a $250.00 Price Target at Deutsche Bank AG

Deutsche Bank AG set a $250.00 target price on Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report published on Wednesday. The firm currently has a sell rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on CMG. UBS AG lowered their price objective on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a neutral rating on the stock in a research note on Tuesday, June 27th. Canaccord Genuity reissued a hold rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Chipotle Mexican Grill from a sell rating to a hold rating in a research note on Friday, August 4th. Wedbush reissued a neutral rating and issued a $290.00 price objective (down from $350.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 11th. Finally, Instinet reissued a neutral rating and issued a $480.00 price objective (down from $510.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Eight analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $386.97.

Chipotle Mexican Grill (NYSE:CMG) traded up 2.21% during trading on Wednesday, reaching $325.27. 918,984 shares of the company were exchanged. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The firm has a market capitalization of $9.27 billion, a PE ratio of 69.92 and a beta of 0.60. The stock has a 50 day moving average price of $312.36 and a 200 day moving average price of $392.20.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. On average, analysts expect that Chipotle Mexican Grill will post $7.42 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Andra AP fonden grew its position in shares of Chipotle Mexican Grill by 67.9% during the second quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after buying an additional 1,900 shares in the last quarter. Chilton Investment Co. LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $10,040,000. Birinyi Associates Inc. grew its position in shares of Chipotle Mexican Grill by 70.0% during the second quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after buying an additional 1,400 shares in the last quarter. Allen Investment Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $493,000. Finally, Sustainable

A number of other equities research analysts have also recently commented on CMG. UBS AG lowered their price objective on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a neutral rating on the stock in a research note on Tuesday, June 27th. Canaccord Genuity reissued a hold rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Chipotle Mexican Grill from a sell rating to a hold rating in a research note on Friday, August 4th. Wedbush reissued a neutral rating and issued a $290.00 price objective (down from $350.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 11th. Finally, Instinet reissued a neutral rating and issued a $480.00 price objective (down from $510.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Eight analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $386.97.

Chipotle Mexican Grill (NYSE:CMG) traded up 2.21% during trading on Wednesday, reaching $325.27. 918,984 shares of the company were exchanged. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The firm has a market capitalization of $9.27 billion, a PE ratio of 69.92 and a beta of 0.60. The stock has a 50 day moving average price of $312.36 and a 200 day moving average price of $392.20.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. On average, analysts expect that Chipotle Mexican Grill will post $7.42 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/19/chipotle-mexican-grill-inc-cmg-given-a-250-00-price-target-at-deutsche-bank-ag.html.

Hedge funds have recently added to or reduced their stakes in the company. Andra AP fonden grew its position in shares of Chipotle Mexican Grill by 67.9% during the second quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after buying an additional 1,900 shares in the last quarter. Chilton Investment Co. LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $10,040,000. Birinyi Associates Inc. grew its position in shares of Chipotle Mexican Grill by 70.0% during the second quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after buying an additional 1,400 shares in the last quarter. Allen Investment Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $493,000. Finally, Sustainable Growth Advisers LP grew its position in shares of Chipotle Mexican Grill by 5.6% during the second quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock worth $148,772,000 after buying an additional 18,856 shares in the last quarter. 90.06% of the stock is owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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