Chipotle Mexican Grill Price Target Raised to $490.00 at Miller Tabak (CMG)
Investment analysts at Miller Tabak hoisted their price objective on shares of Chipotle Mexican Grill (NYSE:CMG) to $490.00 in a note issued to investors on Friday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Miller Tabak’s target price would suggest a potential downside of 3.87% from the stock’s previous close. The analysts noted that the move was a valuation call.
In other Chipotle Mexican Grill news, CEO Montgomery Moran sold 3,830 shares of the stock on the open market in a transaction dated Monday, October 14th. The stock was sold at an average price of $444.09, for a total value of $1,700,864.70. Following the sale, the chief executive officer now directly owns 133,837 shares in the company, valued at approximately $59,435,673. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Chipotle Mexican Grill from $435.00 to $490.00 in a research note to investors on Tuesday, October 15th. Separately, analysts at Telsey Advisory Group raised their price target on shares of Chipotle Mexican Grill from $486.00 to $535.00 in a research note to investors on Monday, October 14th. They now have a “not rated” rating on the stock. Finally, 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, October 11th. They now have a $525.00 price target on the stock, up previously from $435.87. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $445.91.
Chipotle Mexican Grill (NYSE:CMG) traded up 0.05% during mid-day trading on Friday, hitting $509.98. The stock had a trading volume of 609,971 shares. Chipotle Mexican Grill has a 52 week low of $233.82 and a 52 week high of $511.10. The stock’s 50-day moving average is $426.1 and its 200-day moving average is $387.6. The company has a market cap of $15.776 billion and a P/E ratio of 51.63.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, October 17th. The company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by $0.11. The company had revenue of $826.90 million for the quarter, compared to the consensus estimate of $820.28 million. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post $10.48 EPS 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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