Chipotle Mexican Grill (CMG) Given Neutral Rating at Goldman Sachs Group

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “neutral” rating reissued by analysts at Goldman Sachs Group in a report issued on Thursday. They presently have a $285.00 target price on the restaurant operator’s stock, down from their previous target price of $330.00. Goldman Sachs Group’s target price indicates a potential upside of 7.14% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Wedbush cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 price objective on the stock. in a research report on Wednesday. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $325.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Robert W. Baird decreased their price objective on shares of Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Wednesday. Morgan Stanley decreased their price objective on shares of Chipotle Mexican Grill from $346.00 to $312.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Bank of America decreased their price objective on shares of Chipotle Mexican Grill from $285.00 to $270.00 and set an “underperform” rating on the stock in a research report on Wednesday. Nine investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $350.28.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down $6.19 during trading on Thursday, hitting $266.01. 1,890,000 shares of the stock were exchanged, compared to its average volume of 1,170,000. 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 $7,510.00, a P/E ratio of 43.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.32%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts expect that Chipotle Mexican Grill will post 9.94 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. First Interstate Bank grew its position in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 246 shares during the period. Mercer Capital Advisers Inc. purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $183,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $197,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 88.01% of the company’s stock.

WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/08/chipotle-mexican-grill-cmg-given-neutral-rating-at-goldman-sachs-group.html.

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)

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