Chipotle Mexican Grill Inc. (CMG) PT Lowered to $465.00 at Royal Bank Of Canada
Chipotle Mexican Grill Inc. (NYSE:CMG) had its price objective lowered by stock 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 target price would suggest a potential upside of 17.92% from the stock’s current price.
Several other analysts have also recently commented on the company. Vetr raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 target price for the company in a research report on Tuesday, August 9th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $490.00 target price (down previously from $500.00) on shares of Chipotle Mexican Grill in a research report on Thursday, June 23rd. Morgan Stanley reaffirmed a “hold” rating and issued a $405.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, August 18th. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Sunday, July 24th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $500.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, June 21st. Seven analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $478.26.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 394.35 on Tuesday. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 56.81 and a beta of 0.60. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $720.50. The stock has a 50 day moving average price of $418.15 and a 200-day moving average price of $422.73.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/chipotle-mexican-grill-inc-cmg-pt-lowered-to-465-00-at-royal-bank-of-canada.html
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. The company earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. On average, equities research analysts expect that Chipotle Mexican Grill will post $0.24 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Generation Investment Management LLP purchased a new stake in Chipotle Mexican Grill during the second quarter worth approximately $230,936,000. Ruane Cunniff & Goldfarb Inc. boosted its stake in Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock worth $235,360,000 after buying an additional 490,487 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Chipotle Mexican Grill during the second quarter worth approximately $81,768,000. Adage Capital Partners GP L.L.C. boosted its stake in Chipotle Mexican Grill by 325.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 191,110 shares of the company’s stock worth $76,971,000 after buying an additional 146,200 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Chipotle Mexican Grill by 63.6% in the second quarter. BlackRock Advisors LLC now owns 342,178 shares of the company’s stock worth $137,816,000 after buying an additional 132,993 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.
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.
Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.