Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by equities research analysts at Piper Jaffray Companies from $590.00 to $661.00 in a research note issued on Tuesday. The firm currently has an “overweight” rating on the restaurant operator’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 10.24% from the stock’s previous close. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s Q1 2019 earnings at $2.59 EPS, Q1 2019 earnings at $2.90 EPS, Q2 2019 earnings at $2.94 EPS, Q2 2019 earnings at $2.84 EPS, Q3 2019 earnings at $2.75 EPS, Q4 2019 earnings at $2.87 EPS, Q4 2019 earnings at $2.70 EPS, FY2019 earnings at $11.29 EPS, FY2020 earnings at $16.28 EPS and FY2021 earnings at $18.19 EPS.

CMG has been the topic of a number of other reports. Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co raised their target price on Chipotle Mexican Grill from $420.00 to $464.00 and gave the company a “market perform” rating in a research note on Friday, January 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 target price (up from $465.00) on shares of Chipotle Mexican Grill in a research note on Friday, January 11th. Loop Capital raised their target price on Chipotle Mexican Grill to $630.00 and gave the company a “positive” rating in a research note on Thursday, February 7th. Finally, SunTrust Banks raised their target price on Chipotle Mexican Grill to $635.00 and gave the company a “positive” rating in a research note on Thursday, February 7th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $487.79.

CMG stock opened at $599.62 on Tuesday. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 66.18, a P/E/G ratio of 2.72 and a beta of 0.60. Chipotle Mexican Grill has a 1 year low of $281.00 and a 1 year high of $612.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.34. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. On average, equities research analysts anticipate that Chipotle Mexican Grill will post 12.16 EPS for the current fiscal year.

In related news, CFO Jack Hartung sold 7,150 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $606.77, for a total transaction of $4,338,405.50. Following the transaction, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at $27,448,454.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.19% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $39,000. Captrust Financial Advisors grew its holdings in Chipotle Mexican Grill by 44.0% during the fourth quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock worth $72,000 after acquiring an additional 51 shares during the period. Huntington National Bank grew its holdings in Chipotle Mexican Grill by 19.9% during the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 28 shares during the period. Clean Yield Group acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $86,000. Finally, We Are One Seven LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $96,000. 91.25% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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