Chipotle Mexican Grill Price Target Increased to $500.00 by Analysts at Jefferies Group (CMG)
Analysts at Jefferies Group increased their price objective on shares of Chipotle Mexican Grill (NYSE:CMG) from $435.00 to $500.00 in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential downside of 5.18% from the company’s current price.
CMG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note to investors on Thursday, December 26th. They now have a $560.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note to investors on Wednesday, December 18th. They now have a $500.00 price target on the stock, up previously from $440.00. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note to investors on Tuesday, December 3rd. They now have a $603.00 price target on the stock, up previously from $524.00. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Buy” and a consensus target price of $492.04.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 0.75% on Monday, hitting $527.32. 415,092 shares of the company’s stock traded hands. Chipotle Mexican Grill has a 52 week low of $266.02 and a 52 week high of $550.28. The stock’s 50-day moving average is $526. and its 200-day moving average is $451.3. The company has a market cap of $16.317 billion and a P/E ratio of 53.81.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, October 17th. The company reported $2.66 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $2.27 earnings per share. Chipotle Mexican Grill’s revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill will post $10.47 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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