Chipotle Mexican Grill, Inc. (CMG) Earns “Buy” Rating from SunTrust Banks, Inc.
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “buy” rating reissued by analysts at SunTrust Banks, Inc. in a research report issued on Wednesday. They currently have a $505.00 price target on the restaurant operator’s stock, down from their previous price target of $520.00. SunTrust Banks, Inc.’s price target indicates a potential upside of 48.27% from the company’s current price. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $1.87 EPS.
Other research analysts have also recently issued reports about the company. Vetr raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price for the company in a research note on Tuesday, May 30th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Deutsche Bank AG reissued a “sell” rating and issued a $350.00 target price (up from $300.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 10th. Wells Fargo & Company reissued a “market perform” rating and issued a $470.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Eight research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $408.33.
Chipotle Mexican Grill (NYSE CMG) traded down 2.30% during trading on Wednesday, hitting $340.60. The company had a trading volume of 3,620,692 shares. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 104.48 and a beta of 0.64. Chipotle Mexican Grill has a 12-month low of $336.52 and a 12-month high of $499.00. The firm has a 50-day moving average of $419.18 and a 200 day moving average of $434.34.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, equities research analysts forecast that Chipotle Mexican Grill will post $7.90 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in Chipotle Mexican Grill during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC bought a new position in Chipotle Mexican Grill during the first quarter worth approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp raised its position in Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. bought a new position in Chipotle Mexican Grill during the first quarter worth approximately $178,000. Hedge funds and other institutional investors 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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