Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given a $380.00 price target by research analysts at UBS AG in a note issued to investors on Wednesday, July 26th, www.benzinga.com reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS AG’s price objective indicates a potential upside of 16.42% from the stock’s current price.
A number of other research firms have also weighed in on CMG. Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price objective for the company in a research note on Monday, May 15th. ValuEngine raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stephens upped their price objective on Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada raised Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research note on Thursday, April 27th. Finally, Nomura reaffirmed a “hold” rating and issued a $510.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 28th. Seven research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $405.15.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 1.17% during mid-day trading on Wednesday, hitting $326.41. The stock had a trading volume of 968,190 shares. The company has a market cap of $9.31 billion, a PE ratio of 70.17 and a beta of 0.62. The stock’s 50-day moving average is $374.53 and its 200 day moving average is $427.17. Chipotle Mexican Grill has a 12 month low of $320.01 and a 12 month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, equities research analysts forecast that Chipotle Mexican Grill will post $7.73 earnings per share for the current fiscal year.
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Several institutional investors have recently modified their holdings of CMG. FNY Managed Accounts LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $107,000. Korea Investment CORP raised its position in shares of Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after buying an additional 157 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares during the period. 97.27% of the stock is currently owned by institutional investors.
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.
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