Chipotle Mexican Grill (CMG) PT Raised to $325.00 at Barclays
Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by investment analysts at Barclays from $280.00 to $325.00 in a report issued on Tuesday. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ target price would indicate a potential downside of 0.72% from the stock’s previous close.
CMG has been the subject of a number of other research reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Jefferies Group lowered their price objective on Chipotle Mexican Grill to $300.00 and set a “positive” rating for the company in a research report on Wednesday, October 25th. ValuEngine cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Robert W. Baird set a $300.00 price objective on Chipotle Mexican Grill and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus target price of $358.45.
Shares of Chipotle Mexican Grill (NYSE CMG) traded up $0.03 during midday trading on Tuesday, reaching $327.37. The company’s stock had a trading volume of 706,208 shares, compared to its average volume of 1,024,260. The company has a market cap of $9,240.00, a PE ratio of 63.44, a PEG ratio of 1.98 and a beta of 0.50. Chipotle Mexican Grill has a 1-year low of $263.00 and a 1-year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 11.80% and a net margin of 3.37%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. research analysts predict that Chipotle Mexican Grill will post 6.58 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of CMG. Hexavest Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $34,213,000. QUANTRES ASSET MANAGEMENT Ltd increased its stake in shares of Chipotle Mexican Grill by 107.1% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 2,900 shares of the restaurant operator’s stock valued at $838,000 after purchasing an additional 1,500 shares in the last quarter. AXA increased its stake in shares of Chipotle Mexican Grill by 15.7% in the 3rd quarter. AXA now owns 103,284 shares of the restaurant operator’s stock valued at $31,794,000 after purchasing an additional 14,000 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $263,000. Finally, Griffin Asset Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $524,000. Institutional investors own 88.43% of the company’s stock.
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About Chipotle Mexican Grill
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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