Chipotle Mexican Grill (CMG) Rating Reiterated by Canaccord Genuity

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating reissued by equities researchers at Canaccord Genuity in a report released on Wednesday. They currently have a $300.00 price objective on the restaurant operator’s stock, down from their previous price objective of $325.00. Canaccord Genuity’s price objective would indicate a potential upside of 8.89% from the stock’s current price.

Other research analysts also recently issued 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. SunTrust Banks set a $390.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Thursday, October 19th. Maxim Group lowered their price objective on Chipotle Mexican Grill from $435.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Barclays lowered their price objective on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. Finally, Morgan Stanley lowered their price objective on Chipotle Mexican Grill from $350.00 to $310.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Eight analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $354.34.

Shares of Chipotle Mexican Grill (CMG) traded down $28.83 during midday trading on Wednesday, hitting $275.50. The stock had a trading volume of 2,039,862 shares, compared to its average volume of 1,127,897. Chipotle Mexican Grill has a 1-year low of $263.00 and a 1-year high of $499.00. The company has a market cap of $7,740.00, a P/E ratio of 52.97, a price-to-earnings-growth ratio of 1.73 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. research analysts anticipate that Chipotle Mexican Grill will post 6.53 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. First Interstate Bank lifted its holdings in shares of Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 250 shares during the period. Mercer Capital Advisers Inc. acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at $183,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $197,000. Pacer Advisors Inc. lifted its holdings in shares of Chipotle Mexican Grill by 43.2% in the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after buying an additional 215 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Chipotle Mexican Grill by 71.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 318 shares during the period. Institutional investors own 88.01% of the company’s stock.

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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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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