Chipotle Mexican Grill Price Target Raised to $490.00 at Wedbush (CMG)
Equities researchers at Wedbush lifted their price target on shares of Chipotle Mexican Grill (NYSE:CMG) from $435.00 to $490.00 in a research report issued on Tuesday, Analyst RN reports. Wedbush’s price target indicates a potential upside of 13.09% from the company’s current price.
A number of other analysts have also recently weighed in on CMG. Analysts at Telsey Advisory Group raised their price target on shares of Chipotle Mexican Grill from $422.00 to $486.00 in a research note to investors on Monday. They now have a “not rated” rating on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $525.00 price target on the stock, up previously from $435.87. Finally, analysts at Deutsche Bank raised their price target on shares of Chipotle Mexican Grill from $375.00 to $400.00 in a research note to investors on Monday, October 7th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $416.04.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 1.90% on Tuesday, hitting $433.61. The stock had a trading volume of 555,002 shares. Chipotle Mexican Grill has a 1-year low of $233.82 and a 1-year high of $447.65. The stock’s 50-day moving average is $420.2 and its 200-day moving average is $385.1. The company has a market cap of $13.385 billion and a P/E ratio of 46.62.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, July 18th. The company reported $2.82 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.56 earnings per share. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill will post $10.61 earnings per share for the current fiscal year.
In other Chipotle Mexican Grill news, CEO Montgomery F. Moran unloaded 3,830 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $444.09, for a total value of $1,700,864.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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