Chipotle Mexican Grill Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:CMG)
Shares of Chipotle Mexican Grill (NYSE:CMG) have earned an average recommendation of “Hold” from the thirty-two ratings firms that are presently covering the stock, AR Network reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $558.54.
In other Chipotle Mexican Grill news, CEO Steve Ells sold 24,290 shares of Chipotle Mexican Grill stock on the open market in a transaction dated Monday, February 10th. The stock was sold at an average price of $549.63, for a total transaction of $13,350,512.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 0.27% during mid-day trading on Wednesday, hitting $543.38. The stock had a trading volume of 221,832 shares. Chipotle Mexican Grill has a 1-year low of $307.17 and a 1-year high of $568.90. The stock’s 50-day moving average is $527.4 and its 200-day moving average is $480.2. The company has a market cap of $16.858 billion and a P/E ratio of 52.04.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.53. The company had revenue of $844.10 million for the quarter, compared to the consensus estimate of $826.24 million. Analysts expect that Chipotle Mexican Grill will post $12.92 EPS for the current fiscal year.
A number of research firms have recently commented on CMG. Analysts at Belus Capital raised their price target on shares of Chipotle Mexican Grill from $500.00 to $600.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research initiated coverage on shares of Chipotle Mexican Grill in a research note on Friday, February 7th. They set an “underperform” rating on the stock. Finally, analysts at Argus raised their price target on shares of Chipotle Mexican Grill from $580.00 to $660.00 in a research note on Thursday, February 6th. They now have a “buy” rating on the stock.
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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