Share on StockTwits

Chipotle Mexican Grill (NYSE:CMG) has been given an average rating of “Buy” by the twenty-nine analysts that are presently covering the company, Stock Ratings News reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $681.48.

CMG has been the subject of a number of recent research reports. Analysts at Longbow Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $697.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, July 28th. They now have a $793.00 price target on the stock, up previously from $648.00. Finally, 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, July 24th. They now have a “buy” rating on the stock.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 669.70 on Thursday. Chipotle Mexican Grill has a 52 week low of $397.01 and a 52 week high of $686.05. The stock has a 50-day moving average of $626. and a 200-day moving average of $565.1. The company has a market cap of $20.771 billion and a P/E ratio of 59.23.

Chipotle Mexican Grill (NYSE:CMG) last released its 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. Analysts expect that Chipotle Mexican Grill will post $13.62 EPS for the current fiscal year.

Chipotle Mexican Grill, Inc (NYSE:CMG) operates Chipotle Mexican Grill restaurants.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.