Chipotle Mexican Grill Inc. Hits New 52-Week High at $431.00 (CMG)
Shares of Chipotle Mexican Grill (NYSE:CMG) hit a new 52-week high on Tuesday, AnalystRatingsNetwork.com reports. The company traded as high as $431.00 and last traded at $423.07, with a volume of 207,745 shares trading hands. The stock had previously closed at $428.80.
A number of research firms have recently commented on CMG. Analysts at Jefferies Group reiterated a “hold” rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note to investors on Tuesday. They now have a $410.00 price target on the stock, up previously from $400.00. Separately, analysts at Morgan Stanley upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $485.00 price target on the stock. Finally, analysts at Northcoast Research initiated coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note to investors on Friday, August 23rd. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $402.30.
Chipotle Mexican Grill has a one year low of $233.82 and a one year high of $429.78. The stock’s 50-day moving average is $412.1 and its 200-day moving average is $377.0. The company has a market cap of $13.140 billion and a price-to-earnings ratio of 45.23.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, July 18th. The company reported $2.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.81 by $0.01. The company had revenue of $816.80 million for the quarter, compared to the consensus estimate of $802.80 million. During the same quarter in the prior year, the company posted $2.56 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill will post $10.59 earnings per share for the current fiscal year.
Chipotle Mexican Grill, Inc and its subsidiaries (NYSE:CMG) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.
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