Chipotle Mexican Grill (CMG) Stock Rating Reaffirmed by William Blair

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating reissued by research analysts at William Blair in a note issued to investors on Wednesday.

Several other research firms have also commented on CMG. Citigroup raised Chipotle Mexican Grill to a “market perform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Raymond James Financial raised Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research report on Friday, January 19th. Maxim Group reissued a “buy” rating and issued a $425.00 price target (up from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Credit Suisse Group reissued a “neutral” rating and issued a $330.00 price target (up from $275.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, January 23rd. Finally, Barclays reduced their price target on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Nine analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average price target of $342.25.

Shares of Chipotle Mexican Grill (CMG) traded up $35.98 during mid-day trading on Wednesday, hitting $287.31. The company’s stock had a trading volume of 3,989,779 shares, compared to its average volume of 1,433,853. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00. The stock has a market cap of $8,140.00, a PE ratio of 46.64, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.55 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts anticipate that Chipotle Mexican Grill will post 8.36 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Mosaic Family Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 1,356.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 407 shares during the period. First Interstate Bank increased 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 purchasing an additional 250 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Chipotle Mexican Grill by 75.7% in 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. acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $183,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $197,000. 87.00% of the stock is currently owned by institutional investors and hedge funds.

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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)

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