Chipotle Mexican Grill, Inc. (CMG) Given Average Rating of “Hold” by Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received a consensus recommendation of “Hold” from the forty analysts that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $346.57.

A number of brokerages recently commented on CMG. Credit Suisse Group reiterated a “neutral” rating and issued a $275.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. ValuEngine lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Mizuho lowered Chipotle Mexican Grill from a “buy” rating to a “neutral” rating and set a $533.00 target price on the stock. in a research report on Wednesday. Robert W. Baird dropped their target price on Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $285.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research report on Thursday.

Several large investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in Chipotle Mexican Grill by 12.6% in the 4th quarter. Toronto Dominion Bank now owns 10,750 shares of the restaurant operator’s stock valued at $3,108,000 after purchasing an additional 1,204 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Chipotle Mexican Grill by 11.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 27,026 shares of the restaurant operator’s stock valued at $7,811,000 after purchasing an additional 2,679 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Chipotle Mexican Grill by 75.7% in the 4th 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 last quarter. Check Capital Management Inc. CA raised its stake in Chipotle Mexican Grill by 17.6% in the 4th quarter. Check Capital Management Inc. CA now owns 103,650 shares of the restaurant operator’s stock valued at $29,958,000 after purchasing an additional 15,497 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $731,000. Hedge funds and other institutional investors own 88.01% of the company’s stock.

Chipotle Mexican Grill (NYSE CMG) opened at $266.01 on Friday. Chipotle Mexican Grill has a fifty-two week low of $263.00 and a fifty-two week high of $499.00. The stock has a market cap of $7,510.00, a PE ratio of 43.18, a PEG ratio of 1.75 and a beta of 0.59.

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

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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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