Chipotle Mexican Grill (CMG) Given a $275.00 Price Target by UBS Group Analysts

Chipotle Mexican Grill (NYSE:CMG) received a $275.00 price objective from equities researchers at UBS Group in a research report issued on Wednesday, www.tipranks.com reports. The firm presently has a “sell” rating on the restaurant operator’s stock. UBS Group’s price target indicates a potential downside of 5.14% from the stock’s current price.

Other analysts also recently issued reports about the company. SunTrust Banks set a $355.00 target price on Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Wednesday, October 25th. Maxim Group reissued a “buy” rating and set a $400.00 price target (down previously from $420.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Piper Jaffray Companies set a $318.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Wednesday. Barclays lowered their price target on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Finally, Morgan Stanley lowered their price target on Chipotle Mexican Grill from $350.00 to $310.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. They noted that the move was a valuation call. Nine 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 issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $342.25.

Chipotle Mexican Grill (CMG) traded up $38.58 during trading hours on Wednesday, hitting $289.91. The stock had a trading volume of 5,380,000 shares, compared to its average volume of 1,350,000. The company has a market cap of $8,190.00, a P/E ratio of 47.06, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59. Chipotle Mexican Grill has a 1 year low of $247.51 and a 1 year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The firm 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 13.44% and a net margin of 3.94%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. sell-side analysts forecast that Chipotle Mexican Grill will post 8.36 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. grew its position in shares of Chipotle Mexican Grill by 8.4% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 4,670 shares of the restaurant operator’s stock valued at $1,349,000 after buying an additional 362 shares during the last quarter. Tyers Asset Management LLC grew its position in shares of Chipotle Mexican Grill by 12.5% in the 4th quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $458,000 after buying an additional 176 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Chipotle Mexican Grill by 1.5% in the 4th quarter. Teachers Advisors LLC now owns 32,577 shares of the restaurant operator’s stock valued at $9,416,000 after buying an additional 476 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Chipotle Mexican Grill by 0.6% in the 4th quarter. California State Teachers Retirement System now owns 42,963 shares of the restaurant operator’s stock valued at $12,418,000 after buying an additional 268 shares during the last quarter. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $289,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Chipotle Mexican Grill (CMG) Given a $275.00 Price Target by UBS Group Analysts” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/02/14/chipotle-mexican-grill-cmg-given-a-275-00-price-target-by-ubs-group-analysts.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