Chipotle Mexican Grill Given New $580.00 Price Target at Argus (CMG)
Stock analysts at Argus boosted their price objective on shares of Chipotle Mexican Grill (NYSE:CMG) to $580.00 in a report issued on Monday, Analyst Ratings Net reports. Argus’ target price would indicate a potential upside of 13.78% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note to investors on Monday. They now have a $535.00 price target on the stock. Separately, analysts at Miller Tabak downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $490.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of Chipotle Mexican Grill from $450.00 to $480.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $445.91.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 0.02% during mid-day trading on Monday, hitting $509.83. 618,505 shares of the company’s stock traded hands. Chipotle Mexican Grill has a one year low of $233.82 and a one year high of $511.10. The stock has a 50-day moving average of $426.1 and a 200-day moving average of $387.6. The company has a market cap of $15.771 billion and a price-to-earnings ratio of 51.63.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, October 17th. The company reported $2.66 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $2.27 earnings per share. The company’s quarterly revenue 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.
In other Chipotle Mexican Grill news, CEO Montgomery Moran sold 3,830 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $444.09, for a total transaction 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 sale 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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