Chipotle Mexican Grill (NYSE:CMG) has been given a $340.00 price target by SunTrust Banks in a research note issued on Wednesday. The firm currently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ target price points to a potential upside of 18.61% from the company’s current price.
A number of other equities research analysts have also recently weighed in on CMG. Bank of America cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $390.00 to $285.00 in a research note on Wednesday, October 18th. Deutsche Bank set a $250.00 price target on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Wednesday, October 18th. Barclays dropped their price target on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Maxim Group dropped their price target on Chipotle Mexican Grill from $435.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th. Finally, Nomura lowered their price objective on Chipotle Mexican Grill to $338.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Nine investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and an average price target of $342.25.
Shares of Chipotle Mexican Grill (NYSE CMG) opened at $286.65 on Wednesday. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00. The firm has a market capitalization of $8,097.27, a price-to-earnings ratio of 43.99, a P/E/G ratio of 1.90 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. equities analysts forecast that Chipotle Mexican Grill will post 8.32 earnings per share for the current year.
In other Chipotle Mexican Grill news, Director Paul T. Cappuccio acquired 500 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average cost of $290.88 per share, with a total value of $145,440.00. Following the completion of the purchase, the director now directly owns 766 shares of the company’s stock, valued at approximately $222,814.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.01% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CMG. Independent Franchise Partners LLP acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $107,391,000. Principal Financial Group Inc. boosted its stake in Chipotle Mexican Grill by 196.5% in the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after buying an additional 177,530 shares in the last quarter. Check Capital Management Inc. CA acquired a new stake in Chipotle Mexican Grill in the third quarter valued at about $54,272,000. Timucuan Asset Management Inc. FL acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $45,643,000. Finally, Janus Henderson Group PLC boosted its stake in Chipotle Mexican Grill by 332.5% in the third quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after buying an additional 124,330 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.
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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.
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