Wedbush Reiterates Hold Rating for Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating reissued by investment analysts at Wedbush in a report issued on Wednesday. They currently have a $285.00 price objective on the restaurant operator’s stock. Wedbush’s target price would suggest a potential upside of 13.40% from the company’s previous close.

A number of other brokerages also recently issued reports on CMG. William Blair restated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 22nd. 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 reaffirmed a “buy” rating and set a $425.00 price target (up previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $330.00 price target (up previously from $275.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $344.44.

Chipotle Mexican Grill (CMG) opened at $251.33 on Wednesday. The stock has a market capitalization of $7,106.86, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) 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 business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. equities analysts forecast that Chipotle Mexican Grill will post 8.36 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tocqueville Asset Management L.P. lifted its holdings in Chipotle Mexican Grill by 83.8% during the 4th quarter. Tocqueville Asset Management L.P. now owns 39,077 shares of the restaurant operator’s stock worth $11,294,000 after purchasing an additional 17,815 shares in the last quarter. Independent Franchise Partners LLP purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $107,391,000. Mosaic Family Wealth LLC lifted its holdings in Chipotle Mexican Grill by 1,356.7% during the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 407 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Chipotle Mexican Grill by 524.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 111,162 shares of the restaurant operator’s stock worth $32,129,000 after purchasing an additional 93,374 shares in the last quarter. Finally, AXA lifted its holdings in Chipotle Mexican Grill by 2.5% during the 4th quarter. AXA now owns 105,870 shares of the restaurant operator’s stock worth $30,600,000 after purchasing an additional 2,586 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.

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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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