Chipotle Mexican Grill (CMG) PT Set at $275.00 by UBS Group

UBS Group set a $275.00 price objective on Chipotle Mexican Grill (NYSE:CMG) in a research note published on Wednesday morning, www.tipranks.com reports. The brokerage currently has a sell rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group reaffirmed a neutral rating and set a $275.00 price objective (down previously from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, February 7th. Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $310.00 to $295.00 and set a neutral rating on the stock in a research note on Wednesday, February 7th. Wedbush cut shares of Chipotle Mexican Grill from a hold rating to a sell rating and set a $280.00 price target on the stock. in a research note on Wednesday, February 7th. Piper Jaffray Companies set a $318.00 price target on shares of Chipotle Mexican Grill and gave the company a buy rating in a research note on Wednesday. Finally, Telsey Advisory Group cut shares of Chipotle Mexican Grill from an outperform rating to a market perform rating and dropped their price target for the company from $370.00 to $330.00 in a research note 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 stock. The stock presently has an average rating of Hold and a consensus target price of $342.25.

Shares of Chipotle Mexican Grill (CMG) traded up $0.88 during midday trading on Wednesday, hitting $290.79. 474,439 shares of the stock were exchanged, compared to its average volume of 1,448,025. The firm has a market cap of $8,260.00, a PE ratio of 47.14, a price-to-earnings-growth ratio of 1.64 and a beta of 0.59. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00.

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

Several hedge funds and other institutional investors have recently bought and sold shares of CMG. Independent Franchise Partners LLP purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $107,391,000. Principal Financial Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 196.5% during the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after acquiring an additional 177,530 shares during the period. Check Capital Management Inc. CA purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $54,272,000. Timucuan Asset Management Inc. FL purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $45,643,000. Finally, Janus Henderson Group PLC raised its holdings in shares of 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. Institutional investors and hedge funds own 87.00% of the company’s stock.

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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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