Chipotle Mexican Grill, Inc. (NYSE:CMG) Price Target Cut to $375.00 by Analysts at Goldman Sachs Group, Inc. (The)
Chipotle Mexican Grill, Inc. (NYSE:CMG) had its price objective cut by research analysts at Goldman Sachs Group, Inc. (The) from $440.00 to $375.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 10.30% from the stock’s previous close.
A number of other brokerages have also commented on CMG. SunTrust Banks, Inc. lifted their price objective on Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Mizuho reiterated a “buy” rating and issued a $533.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Standpoint Research initiated coverage on Chipotle Mexican Grill in a research report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 price objective for the company. Finally, Maxim Group reiterated a “hold” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Nine analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $423.38.
Shares of Chipotle Mexican Grill (CMG) opened at 339.98 on Tuesday. The firm has a 50-day moving average of $419.18 and a 200-day moving average of $434.34. The firm has a market capitalization of $9.74 billion, a P/E ratio of 105.16 and a beta of 0.64. Chipotle Mexican Grill has a one year low of $336.52 and a one year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.32. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the company earned ($0.88) earnings per share. On average, equities analysts predict that Chipotle Mexican Grill will post $7.96 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $107,000. Harbour Capital Advisors LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $121,000. Global X Management Co. LLC raised its stake in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 270 shares during the period. Cribstone Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $145,000. Finally, Carnick & Kubik LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $160,000. Institutional investors and hedge funds own 95.71% of the company’s stock.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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