Chipotle Mexican Grill, Inc. (CMG) Given a $390.00 Price Target at SunTrust Banks, Inc.
Chipotle Mexican Grill, Inc. (NYSE:CMG) received a $390.00 price target from SunTrust Banks, Inc. in a report released on Thursday. The firm presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 20.09% from the company’s current price.
Several other equities analysts have also recently weighed in on the company. Wedbush cut Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $470.00 to $370.00 in a report on Friday, July 21st. Maxim Group raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the stock from $440.00 to $470.00 in a report on Tuesday, July 18th. Cowen and Company cut Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $370.00 to $250.00 in a report on Friday, September 8th. Mizuho reaffirmed a “buy” rating and issued a $450.00 target price on shares of Chipotle Mexican Grill in a report on Saturday, September 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and an average price target of $375.66.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 0.16% during mid-day trading on Thursday, hitting $324.76. The company’s stock had a trading volume of 973,364 shares. The stock’s 50 day moving average price is $312.87 and its 200 day moving average price is $390.81. Chipotle Mexican Grill has a 52-week low of $295.11 and a 52-week high of $499.00. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 69.81 and a beta of 0.60.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. Equities analysts forecast that Chipotle Mexican Grill will post $7.35 EPS for the current year.
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Institutional investors have recently bought and sold shares of the company. Korea Investment CORP raised its stake in shares of Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Chipotle Mexican Grill by 84.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 169 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after acquiring an additional 55 shares in the last quarter. Parsons Capital Management Inc. RI bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $203,000. Finally, Blue Sky Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $200,000. 90.06% of the stock is 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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