Chipotle Mexican Grill (CMG) Rating Increased to Market Perform at Raymond James Financial

Chipotle Mexican Grill (NYSE:CMG) was upgraded by stock analysts at Raymond James Financial from an “underperform” rating to a “market perform” rating in a report issued on Friday, Marketbeat Ratings reports.

Several other equities research analysts have also recently weighed in on CMG. Barclays reaffirmed an “equal weight” rating and issued a $325.00 price target (up from $280.00) on shares of Chipotle Mexican Grill in a research note on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $275.00 price target (down from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Robert W. Baird set a $300.00 price target on Chipotle Mexican Grill and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Citigroup raised Chipotle Mexican Grill to a “market perform” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Canaccord Genuity reduced their price target on Chipotle Mexican Grill from $400.00 to $325.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $359.26.

Chipotle Mexican Grill (CMG) traded up $6.34 on Friday, hitting $343.87. The stock had a trading volume of 1,152,974 shares, compared to its average volume of 1,020,000. The stock has a market capitalization of $9,710.00, a PE ratio of 66.64, a PEG ratio of 2.02 and a beta of 0.50. Chipotle Mexican Grill has a 52-week low of $263.00 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 earnings per share. equities analysts anticipate that Chipotle Mexican Grill will post 6.58 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Simmons Bank lifted its holdings in shares of Chipotle Mexican Grill by 1.1% during the second quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 14 shares in the last quarter. Sii Investments Inc. WI lifted its holdings in Chipotle Mexican Grill by 2.5% in the second quarter. Sii Investments Inc. WI now owns 1,462 shares of the restaurant operator’s stock valued at $600,000 after acquiring an additional 35 shares during the period. Suntrust Banks Inc. lifted its holdings in Chipotle Mexican Grill by 4.7% in the second quarter. Suntrust Banks Inc. now owns 940 shares of the restaurant operator’s stock valued at $389,000 after acquiring an additional 42 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 1.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock valued at $1,223,000 after acquiring an additional 44 shares during the period. Finally, Flinton Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 4.1% in the second quarter. Flinton Capital Management LLC now owns 1,428 shares of the restaurant operator’s stock valued at $594,000 after acquiring an additional 56 shares during the period. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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