Lazard Capital Markets Increases Chipotle Mexican Grill Price Target to $535.00 (CMG)
Equities researchers at Lazard Capital Markets lifted their price objective on shares of Chipotle Mexican Grill (NYSE:CMG) from $455.00 to $535.00 in a research report issued on Friday, ARN reports. Lazard Capital Markets’ price objective would suggest a potential upside of 21.85% from the company’s current price.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 439.07 on Friday. Chipotle Mexican Grill has a 52-week low of $233.82 and a 52-week high of $447.65. The stock has a 50-day moving average of $423.2 and a 200-day moving average of $386.2. The company has a market cap of $13.554 billion and a P/E ratio of 46.31. Chipotle Mexican Grill also saw some unusual options trading activity on Thursday. Stock traders bought 21,925 put options on the company. This represents an increase of approximately 362% compared to the typical volume of 4,743 put options.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings data 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. On average, analysts predict that Chipotle Mexican Grill will post $10.61 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Chipotle Mexican Grill from $430.00 to $500.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note to investors on Friday. They now have a $435.00 price target on the stock, up previously from $410.00. Finally, analysts at Miller Tabak raised their price target on shares of Chipotle Mexican Grill from $472.00 to $490.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $426.61.
In other Chipotle Mexican Grill news, CEO Montgomery Moran sold 3,830 shares of Chipotle Mexican Grill stock 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 completion of the sale, the chief executive officer now directly owns 133,837 shares of the company’s stock, valued at approximately $59,435,673. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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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