Chipotle Mexican Grill Receives New Coverage from Analysts at Credit Suisse (CMG)
Credit Suisse started coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued on Tuesday, StockRatingsNetwork.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on CMG. Analysts at Jefferies Group raised their price target on shares of Chipotle Mexican Grill from $435.00 to $500.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $496.04.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 1.09% during mid-day trading on Tuesday, hitting $533.06. 307,525 shares of the company’s stock traded hands. Chipotle Mexican Grill has a one year low of $266.02 and a one year high of $550.28. The stock has a 50-day moving average of $526.2 and a 200-day moving average of $453.7. The company has a market cap of $16.495 billion and a P/E ratio of 53.41.
Chipotle Mexican Grill (NYSE:CMG) last released its 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. Analysts expect that Chipotle Mexican Grill will post $10.47 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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