Chipotle Mexican Grill, Inc. (CMG) Now Covered by Analysts at Stifel Nicolaus
Stifel Nicolaus started coverage on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note released on Monday. The firm issued a hold rating and a $345.00 target price on the restaurant operator’s stock.
A number of other analysts have also commented on the company. Raymond James Financial, Inc. reiterated an underperform rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Deutsche Bank AG restated a sell rating and set a $350.00 target price (up from $300.00) on shares of Chipotle Mexican Grill in a research report on Monday, July 10th. Robert W. Baird restated a hold rating and set a $385.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 1st. Wells Fargo & Company reaffirmed a market perform rating and issued a $470.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) reduced their target price on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a neutral rating on the stock in a research note on Tuesday, July 25th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of Hold and a consensus target price of $396.66.
Shares of Chipotle Mexican Grill (CMG) opened at 301.81 on Monday. The firm has a market capitalization of $8.60 billion, a P/E ratio of 64.88 and a beta of 0.60. The firm has a 50-day moving average of $311.67 and a 200-day moving average of $401.23. Chipotle Mexican Grill has a one year low of $295.11 and a one year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. On average, equities analysts predict that Chipotle Mexican Grill will post $7.55 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $107,000. Korea Investment CORP lifted its stake in shares of Chipotle Mexican Grill by 140.2% during the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Chipotle Mexican Grill by 15.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Chipotle Mexican Grill by 84.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the last quarter. 90.08% of the stock is owned by hedge funds and other institutional investors.
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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