UBS AG Reaffirms “Neutral” Rating for Chipotle Mexican Grill, Inc. (CMG)
Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating restated by stock analysts at UBS AG in a research note issued to investors on Friday, www.benzinga.com reports. They currently have a $345.00 price target on the restaurant operator’s stock, down from their prior price target of $380.00. UBS AG’s target price would suggest a potential upside of 6.38% from the company’s current price.
A number of other brokerages have also recently weighed in on CMG. BMO Capital Markets restated a “buy” rating and issued a $550.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, June 22nd. Cowen and Company restated a “market perform” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, July 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Monday, July 3rd. Wells Fargo & Company restated an “outperform” rating and issued a $470.00 price objective (down previously from $530.00) on shares of Chipotle Mexican Grill in a report on Monday, June 26th. Finally, Deutsche Bank AG restated a “sell” rating and issued a $350.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a report on Monday, July 10th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $364.25.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 14.1998% during trading on Friday, reaching $278.2501. 2,504,732 shares of the company’s stock were exchanged. The company has a 50 day moving average of $313.21 and a 200 day moving average of $388.10. The stock has a market cap of $7.93 billion, a P/E ratio of 59.8130 and a beta of 0.60. Chipotle Mexican Grill has a 12-month low of $277.00 and a 12-month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. Equities research analysts anticipate that Chipotle Mexican Grill will post $7.34 EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Andra AP fonden grew its stake in Chipotle Mexican Grill by 67.9% in the 2nd quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock valued at $1,956,000 after acquiring an additional 1,900 shares during the last quarter. Chilton Investment Co. LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $10,040,000. Birinyi Associates Inc. boosted its stake in shares of Chipotle Mexican Grill by 70.0% during the 2nd quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after purchasing an additional 1,400 shares during the last quarter. Allen Investment Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $493,000. Finally, Sustainable Growth Advisers LP boosted its stake in shares of Chipotle Mexican Grill by 5.6% during the 2nd quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock worth $148,772,000 after purchasing an additional 18,856 shares during the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.
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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