UBS Group set a $275.00 price target on Chipotle Mexican Grill (NYSE:CMG) in a research report released on Wednesday, www.tipranks.com reports. The brokerage currently has a sell rating on the restaurant operator’s stock.
A number of other brokerages have also weighed in on CMG. William Blair reaffirmed a hold rating on shares of Chipotle Mexican Grill in a report on Monday, January 22nd. Citigroup raised Chipotle Mexican Grill to a market perform rating in a report on Friday, January 19th. They noted that the move was a valuation call. Raymond James Financial raised Chipotle Mexican Grill from an underperform rating to a market perform rating in a report on Friday, January 19th. Maxim Group reaffirmed a buy rating and issued a $425.00 price objective (up previously from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. Finally, Credit Suisse Group reissued a neutral rating and set a $330.00 price target (up previously from $275.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, January 23rd. Nine research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of Hold and a consensus price target of $342.25.
Shares of Chipotle Mexican Grill (CMG) traded up $18.98 on Wednesday, reaching $305.63. The company’s stock had a trading volume of 2,740,000 shares, compared to its average volume of 1,460,000. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00. The stock has a market cap of $9,200.00, a price-to-earnings ratio of 49.62, a PEG ratio of 1.96 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities research analysts anticipate that Chipotle Mexican Grill will post 8.32 EPS for the current fiscal year.
In related news, Director Paul T. Cappuccio acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average cost of $290.88 per share, for a total transaction of $145,440.00. Following the transaction, the director now directly owns 766 shares of the company’s stock, valued at approximately $222,814.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.01% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Griffin Asset Management Inc. acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $524,000. Harbor Advisors LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $462,000. Janus Henderson Group PLC raised its holdings in Chipotle Mexican Grill by 332.5% in the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after acquiring an additional 124,330 shares during the last quarter. Stifel Financial Corp raised its holdings in Chipotle Mexican Grill by 72.8% in the 3rd quarter. Stifel Financial Corp now owns 8,677 shares of the restaurant operator’s stock valued at $2,757,000 after acquiring an additional 3,657 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Chipotle Mexican Grill by 196.5% in the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after acquiring an additional 177,530 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.
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Chipotle Mexican Grill Company Profile
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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