Chipotle Mexican Grill (CMG) Rating Reiterated by William Blair

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating reiterated by investment analysts at William Blair in a report issued on Monday.

Other equities analysts have also issued research reports about the company. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group lowered their price objective on Chipotle Mexican Grill to $300.00 and set a “positive” rating on the stock in a research note on Wednesday, October 25th. ValuEngine lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note 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 note 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 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 company has an average rating of “Hold” and a consensus price target of $359.26.

Shares of Chipotle Mexican Grill (NYSE CMG) traded down $13.87 on Monday, hitting $330.00. The company had a trading volume of 1,435,864 shares, compared to its average volume of 1,049,947. Chipotle Mexican Grill has a 52-week low of $263.00 and a 52-week high of $499.00. The stock has a market capitalization of $9,320.00, a PE ratio of 63.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts predict that Chipotle Mexican Grill will post 6.58 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. First Interstate Bank lifted its stake in Chipotle Mexican Grill by 111.1% during 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 in the last quarter. Mercer Capital Advisers Inc. acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth about $183,000. TLP Group LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth about $251,000. National Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 35.5% during the 2nd quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 172 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Chipotle Mexican Grill by 43.2% during the 3rd quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after acquiring an additional 215 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/22/chipotle-mexican-grill-cmg-rating-reiterated-by-william-blair.html.

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)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply