SunTrust Banks Reiterates $340.00 Price Target for Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (NYSE:CMG) received a $340.00 price target from equities research analysts at SunTrust Banks in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price target would indicate a potential upside of 17.28% from the stock’s current price.

CMG has been the topic of a number of other reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a $285.00 price target (down from $330.00) on shares of Chipotle Mexican Grill in a research report on Thursday, February 8th. Wedbush lifted their price target on shares of Chipotle Mexican Grill from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. They noted that the move was a valuation call. ValuEngine cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Bank of America reduced their price target 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, February 7th. Finally, Deutsche Bank set a $240.00 price target on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research report on Wednesday, October 25th. Nine analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $342.25.

Chipotle Mexican Grill (CMG) traded up $38.58 on Wednesday, hitting $289.91. 5,380,000 shares of the company traded hands, compared to its average volume of 1,350,000. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00. The firm has a market capitalization of $8,190.00, a PE ratio of 47.06, a PEG ratio of 1.66 and a beta of 0.59.

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

Several large investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Chipotle Mexican Grill by 8.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 4,670 shares of the restaurant operator’s stock worth $1,349,000 after buying an additional 362 shares during the last quarter. Tyers Asset Management LLC increased its stake in shares of Chipotle Mexican Grill by 12.5% in the fourth quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $458,000 after buying an additional 176 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 32,577 shares of the restaurant operator’s stock worth $9,416,000 after buying an additional 476 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Chipotle Mexican Grill by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 42,963 shares of the restaurant operator’s stock worth $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 fourth quarter worth $289,000. Institutional investors and hedge funds own 87.00% of the company’s stock.

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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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