SunTrust Banks Reiterates Buy Rating for Chipotle Mexican Grill (CMG)
SunTrust Banks reiterated their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report report published on Wednesday morning. They currently have a $340.00 target price on the restaurant operator’s stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $3.31 EPS, Q3 2018 earnings at $2.40 EPS, Q4 2018 earnings at $2.13 EPS, FY2018 earnings at $9.38 EPS, Q1 2019 earnings at $2.36 EPS, Q2 2019 earnings at $4.44 EPS, Q3 2019 earnings at $3.70 EPS, Q4 2019 earnings at $3.10 EPS and FY2019 earnings at $13.59 EPS.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Chipotle Mexican Grill from a strong sell rating to a hold rating in a research note on Thursday, November 16th. Wells Fargo & Co reiterated a hold rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Bank of America cut Chipotle Mexican Grill from a neutral rating to an underperform rating and dropped their price objective for the stock from $390.00 to $285.00 in a research note on Wednesday, October 18th. UBS Group set a $345.00 price objective on Chipotle Mexican Grill and gave the stock a hold rating in a research note on Thursday, October 26th. Finally, Maxim Group reiterated a buy rating and set a $400.00 price objective (down previously from $420.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Ten research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $350.28.
Shares of Chipotle Mexican Grill (CMG) opened at $255.46 on Wednesday. The company has a market capitalization of $7,429.73, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Griffin Asset Management Inc. bought a new stake 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 grew 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 buying an additional 124,330 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at $11,235,000. Finally, Stifel Financial Corp grew 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 buying an additional 3,657 shares in the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.
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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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