Citigroup Inc. Reiterates Buy Rating for Chipotle Mexican Grill (CMG)
Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a $793.00 price objective on the stock, up from their previous price objective of $648.00. Citigroup Inc.’s price target would indicate a potential upside of 16.96% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Argus raised their price target on shares of Chipotle Mexican Grill from $660.00 to $750.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 23rd. They now have a $693.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, July 22nd. They now have a $690.00 price target on the stock, up previously from $600.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $679.41.
In other Chipotle Mexican Grill news, CMO Mark Crumpacker sold 4,148 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $658.30, for a total value of $2,730,628.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Chipotle Mexican Grill (NYSE:CMG) traded up 0.66% on Monday, hitting $678.01. 469,883 shares of the company’s stock traded hands. Chipotle Mexican Grill has a one year low of $397.01 and a one year high of $674.00. The stock has a 50-day moving average of $599.9 and a 200-day moving average of $555.0. The company has a market cap of $21.028 billion and a P/E ratio of 59.39.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings data on Monday, July 21st. The company reported $3.50 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $2.82 earnings per share. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post $13.55 EPS for the current fiscal year.
Chipotle Mexican Grill, Inc (NYSE:CMG) operates Chipotle Mexican Grill restaurants.
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