Chipotle Mexican Grill Inc. (CMG) Price Target Lowered to $465.00 at Royal Bank Of Canada
Chipotle Mexican Grill Inc. (NYSE:CMG) had its price objective lowered by research analysts at Royal Bank Of Canada from $485.00 to $465.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 18.03% from the stock’s current price.
Several other equities analysts have also commented on the stock. Vetr upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 price objective on the stock in a report on Tuesday, August 9th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $490.00 price objective (down from $500.00) on shares of Chipotle Mexican Grill in a report on Thursday, June 23rd. Morgan Stanley restated a “hold” rating and issued a $405.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, August 18th. BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Sunday, July 24th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $500.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 21st. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $477.69.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 0.10% during midday trading on Tuesday, reaching $393.96. 1,180,670 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $417.32 and its 200 day moving average price is $422.23. The stock has a market capitalization of $11.47 billion, a P/E ratio of 56.76 and a beta of 0.60. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $669.11.
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Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The company earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. On average, equities analysts predict that Chipotle Mexican Grill will post $3.75 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of CMG. Intermede Investment Partners Ltd boosted its position in Chipotle Mexican Grill by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 38,792 shares of the company’s stock worth $15,624,000 after buying an additional 784 shares during the last quarter. Legal & General Group Plc boosted its position in Chipotle Mexican Grill by 2.2% in the first quarter. Legal & General Group Plc now owns 135,569 shares of the company’s stock worth $63,835,000 after buying an additional 2,893 shares during the last quarter. Nordea Investment Management AB boosted its position in Chipotle Mexican Grill by 1,461.6% in the second quarter. Nordea Investment Management AB now owns 18,724 shares of the company’s stock worth $7,541,000 after buying an additional 17,525 shares during the last quarter. Moore Capital Management LP purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $2,355,000. Finally, Zurich Insurance Group Ltd FI purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $1,958,000. 96.62% of the stock is currently owned by institutional investors and hedge funds.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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