Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “underperform” rating reaffirmed by analysts at Wedbush in a report released on Thursday, The Fly reports. They presently have a $500.00 target price on the restaurant operator’s stock, up from their previous target price of $440.00. Wedbush’s target price would suggest a potential downside of 4.95% from the stock’s current price. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.51 EPS, FY2018 earnings at $8.67 EPS, Q1 2019 earnings at $2.54 EPS, Q2 2019 earnings at $3.76 EPS, Q3 2019 earnings at $3.24 EPS, Q4 2019 earnings at $2.47 EPS, FY2019 earnings at $12.02 EPS, Q1 2020 earnings at $3.26 EPS, Q2 2020 earnings at $4.66 EPS, Q3 2020 earnings at $3.84 EPS, Q4 2020 earnings at $3.32 EPS and FY2020 earnings at $15.08 EPS.

Several other research analysts have also recently issued reports on the stock. Maxim Group restated a “hold” rating and issued a $510.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, January 16th. Canaccord Genuity restated a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, November 14th. Bank of America set a $340.00 target price on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a report on Friday, October 26th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price (up previously from $465.00) on shares of Chipotle Mexican Grill in a report on Friday, January 11th. Finally, Barclays upped their target price on shares of Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a report on Friday, October 26th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $477.85.

Shares of Chipotle Mexican Grill stock opened at $526.06 on Thursday. Chipotle Mexican Grill has a 12-month low of $247.51 and a 12-month high of $543.90. The firm has a market capitalization of $14.63 billion, a PE ratio of 79.71, a P/E/G ratio of 2.45 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts expect that Chipotle Mexican Grill will post 8.53 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank increased its holdings in Chipotle Mexican Grill by 19.9% during the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock valued at $73,000 after acquiring an additional 28 shares in the last quarter. Clean Yield Group purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $86,000. We Are One Seven LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $96,000. Korea Investment CORP increased its holdings in Chipotle Mexican Grill by 45.4% during the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after acquiring an additional 122 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $190,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

About Chipotle Mexican Grill

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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