Chipotle Mexican Grill (CMG) Stock Rating Reaffirmed by Maxim Group

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “buy” rating restated by analysts at Maxim Group in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $425.00 price target on the restaurant operator’s stock, up from their previous price target of $400.00. Maxim Group’s price target would suggest a potential upside of 23.59% from the stock’s previous close.

The analysts wrote, “We maintain our Buy rating on Chipotle Mexican Grill (CMG) and raise our price target to $425, from $400, ahead of the company’s release of 4Q17 (December) results on Tuesday, February 6, 2018.””

A number of other brokerages have also weighed in on CMG. Credit Suisse Group dropped their target price on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Robert W. Baird restated a “hold” rating and set a $340.00 target price (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Royal Bank of Canada dropped their target price on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating for the company in a research report on Friday, October 20th. Wedbush reiterated a “hold” rating and set a $290.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $360.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $359.26.

Shares of Chipotle Mexican Grill (CMG) traded up $6.34 during trading hours on Thursday, hitting $343.87. 1,151,717 shares of the company were exchanged, compared to its average volume of 1,020,000. Chipotle Mexican Grill has a 12-month low of $263.00 and a 12-month high of $499.00. The company has a market capitalization of $9,710.00, a price-to-earnings ratio of 66.64, a price-to-earnings-growth ratio of 2.06 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results 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). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.56 EPS. Chipotle Mexican Grill’s revenue was up 8.8% compared to the same quarter last year. analysts anticipate that Chipotle Mexican Grill will post 6.58 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. First Interstate Bank lifted its holdings in shares of Chipotle Mexican Grill by 111.1% in the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 250 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $205,000. Raymond James Trust N.A. lifted its holdings in shares of Chipotle Mexican Grill by 10.1% in the 2nd quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 50 shares during the last quarter. Mercer Capital Advisers Inc. bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $183,000. Finally, TLP Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $251,000. Hedge funds and other 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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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