Chipotle Mexican Grill (NYSE:CMG) Research Coverage Started at Evercore ISI

Evercore ISI assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $825.00 price target on the restaurant operator’s stock. Evercore ISI’s target price indicates a potential upside of 11.83% from the company’s current price.

CMG has been the topic of several other reports. Telsey Advisory Group reissued an “outperform” rating and issued a $700.00 price objective (up from $600.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 18th. Wedbush raised Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $500.00 to $640.00 in a research report on Friday, March 22nd. Piper Jaffray Companies raised their price objective on Chipotle Mexican Grill from $590.00 to $661.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Oppenheimer raised their price objective on Chipotle Mexican Grill from $400.00 to $525.00 and gave the company an “underperform” rating in a research report on Thursday, April 25th. Finally, BTIG Research raised their price objective on Chipotle Mexican Grill from $620.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $648.66.

NYSE:CMG opened at $737.74 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.41 and a current ratio of 1.44. Chipotle Mexican Grill has a 12 month low of $383.20 and a 12 month high of $743.43. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 81.43, a P/E/G ratio of 2.85 and a beta of 0.63.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 EPS for the quarter, beating the consensus estimate of $3.01 by $0.39. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $2.13 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill will post 13 EPS for the current fiscal year.

In other news, CFO Jack Hartung sold 5,093 shares of Chipotle Mexican Grill stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $649.00, for a total transaction of $3,305,357.00. Following the sale, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at $29,358,813. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 7,751 shares of company stock worth $5,112,797. Corporate insiders own 2.21% of the company’s stock.

A number of large investors have recently bought and sold shares of CMG. Bremer Bank National Association acquired a new position in Chipotle Mexican Grill in the first quarter worth about $33,000. CWM LLC acquired a new position in Chipotle Mexican Grill in the first quarter worth about $36,000. Horan Capital Advisors LLC. acquired a new position in Chipotle Mexican Grill in the first quarter worth about $36,000. Bruderman Asset Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $39,000. Finally, Motco acquired a new position in Chipotle Mexican Grill in the first quarter worth about $47,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also: Beta

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

Chipotle Mexican Grill (NYSE:CMG) Research Coverage Started at Evercore ISI

Evercore ISI assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $825.00 price target on the restaurant operator’s stock. Evercore ISI’s target price indicates a potential upside of 11.83% from the company’s current price.

CMG has been the topic of several other reports. Telsey Advisory Group reissued an “outperform” rating and issued a $700.00 price objective (up from $600.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 18th. Wedbush raised Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $500.00 to $640.00 in a research report on Friday, March 22nd. Piper Jaffray Companies raised their price objective on Chipotle Mexican Grill from $590.00 to $661.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Oppenheimer raised their price objective on Chipotle Mexican Grill from $400.00 to $525.00 and gave the company an “underperform” rating in a research report on Thursday, April 25th. Finally, BTIG Research raised their price objective on Chipotle Mexican Grill from $620.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $648.66.

NYSE:CMG opened at $737.74 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.41 and a current ratio of 1.44. Chipotle Mexican Grill has a 12 month low of $383.20 and a 12 month high of $743.43. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 81.43, a P/E/G ratio of 2.85 and a beta of 0.63.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 EPS for the quarter, beating the consensus estimate of $3.01 by $0.39. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $2.13 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill will post 13 EPS for the current fiscal year.

In other news, CFO Jack Hartung sold 5,093 shares of Chipotle Mexican Grill stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $649.00, for a total transaction of $3,305,357.00. Following the sale, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at $29,358,813. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 7,751 shares of company stock worth $5,112,797. Corporate insiders own 2.21% of the company’s stock.

A number of large investors have recently bought and sold shares of CMG. Bremer Bank National Association acquired a new position in Chipotle Mexican Grill in the first quarter worth about $33,000. CWM LLC acquired a new position in Chipotle Mexican Grill in the first quarter worth about $36,000. Horan Capital Advisors LLC. acquired a new position in Chipotle Mexican Grill in the first quarter worth about $36,000. Bruderman Asset Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $39,000. Finally, Motco acquired a new position in Chipotle Mexican Grill in the first quarter worth about $47,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also: Beta

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.