Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been given an average recommendation of “Hold” by the forty ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a sell recommendation, twenty-three have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $338.00.
A number of research analysts have recently issued reports on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $275.00 price target (down from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, February 7th. Robert W. Baird cut their price target on Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Wedbush downgraded Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 price target on the stock. in a report on Wednesday, February 7th. Piper Jaffray Companies set a $318.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Wednesday. Finally, SunTrust Banks set a $340.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Wednesday.
Institutional investors and hedge funds have recently modified their holdings of the business. Griffin Asset Management Inc. acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $524,000. Harbor Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $462,000. Janus Henderson Group PLC lifted its position in Chipotle Mexican Grill by 332.5% during the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after acquiring an additional 124,330 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $11,235,000. Finally, Stifel Financial Corp lifted its position in Chipotle Mexican Grill by 72.8% during the 3rd quarter. Stifel Financial Corp now owns 8,677 shares of the restaurant operator’s stock worth $2,757,000 after acquiring an additional 3,657 shares during the period. 87.00% of the stock is owned by institutional investors.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the consensus estimate of $1.32 by $0.02. The company had revenue of $1.11 billion for 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%. Chipotle Mexican Grill’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. research analysts expect that Chipotle Mexican Grill will post 8.36 EPS for the current fiscal year.
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.
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