Chipotle Mexican Grill Rating Reiterated by Barclays (CMG)
Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Tuesday. They currently have a $690.00 price target on the stock, up from their previous price target of $600.00. Barclays’ target price would indicate a potential upside of 16.96% from the stock’s previous close.
A number of other firms have also recently commented on CMG. Analysts at Miller Tabak raised their price target on shares of Chipotle Mexican Grill from $535.00 to $600.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Chipotle Mexican Grill from $595.00 to $660.00 in a research note on Tuesday. They now have a “not rated” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Tuesday. They now have a $750.00 price target on the stock, up previously from $640.00. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $664.96.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 12.07% on Tuesday, hitting $661.15. The stock had a trading volume of 1,102,789 shares. Chipotle Mexican Grill has a one year low of $395.87 and a one year high of $622.90. The stock’s 50-day moving average is $587.5 and its 200-day moving average is $551.3. The company has a market cap of $20.551 billion and a P/E ratio of 55.35.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Monday, July 21st. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.07 by $0.43. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $988.13 million. During the same quarter in the prior year, the company posted $2.82 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill will post $12.72 earnings per share for the current fiscal year.
Chipotle Mexican Grill, Inc (NYSE:CMG) operates Chipotle Mexican Grill restaurants.
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