Chipotle Mexican Grill, Inc. (CMG) Rating Reiterated by Jefferies Group LLC
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They currently have a $350.00 target price on the restaurant operator’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 14.08% from the company’s previous close.
A number of other equities research analysts have also commented on CMG. UBS AG dropped their target price on Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 27th. Robert W. Baird reiterated a “hold” rating and issued a $340.00 target price (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday. Canaccord Genuity reiterated a “hold” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Instinet reiterated a “neutral” rating and issued a $480.00 target price (down previously from $510.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Hold” and an average target price of $395.25.
Shares of Chipotle Mexican Grill (CMG) traded up 0.74% during mid-day trading on Tuesday, hitting $309.08. 283,200 shares of the stock were exchanged. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The stock’s 50 day moving average is $310.66 and its 200-day moving average is $399.83. The stock has a market cap of $8.81 billion, a PE ratio of 66.44 and a beta of 0.60.
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, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts anticipate that Chipotle Mexican Grill will post $7.52 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 159.1% during the 3rd quarter. Eqis Capital Management Inc. now owns 3,801 shares of the restaurant operator’s stock worth $1,170,000 after purchasing an additional 2,334 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $10,887,000. Toronto Dominion Bank grew its holdings in shares of Chipotle Mexican Grill by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock worth $4,025,000 after purchasing an additional 1,914 shares during the period. Cetera Investment Advisers grew its holdings in shares of Chipotle Mexican Grill by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 56 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of Chipotle Mexican Grill by 945.1% during the 2nd quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock worth $396,000 after purchasing an additional 860 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.
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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