UBS Group set a $370.00 price objective on Chipotle Mexican Grill (NYSE:CMG) in a report issued on Monday, www.tipranks.com reports. The firm currently has a sell rating on the restaurant operator’s stock.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a hold rating to a buy rating and set a $512.00 target price on the stock in a research report on Monday, July 16th. SunTrust Banks increased their target price on shares of Chipotle Mexican Grill to $490.00 and gave the stock a buy rating in a research report on Friday, June 29th. ValuEngine upgraded shares of Chipotle Mexican Grill from a hold rating to a buy rating in a research report on Tuesday, July 10th. Canaccord Genuity increased their target price on shares of Chipotle Mexican Grill from $425.00 to $500.00 and gave the stock a buy rating in a research report on Thursday, June 28th. Finally, Robert W. Baird restated a buy rating and set a $535.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, July 27th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $429.71.
Shares of CMG opened at $431.19 on Monday. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $530.68. The stock has a market capitalization of $11.92 billion, a P/E ratio of 55.87, a P/E/G ratio of 2.81 and a beta of 0.44.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $2.87 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.09. Chipotle Mexican Grill had a net margin of 3.65% and a return on equity of 15.64%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Equities analysts forecast that Chipotle Mexican Grill will post 8.57 earnings per share for the current year.
In other news, Director Pershing Square Capital Manage sold 823,357 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total transaction of $401,213,632.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.19% of the company’s stock.
Several institutional investors have recently modified their holdings of CMG. Jennison Associates LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $156,768,000. FMR LLC lifted its stake in Chipotle Mexican Grill by 10.2% in the 2nd quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock valued at $698,995,000 after purchasing an additional 149,725 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Chipotle Mexican Grill by 92.3% in the 2nd quarter. Renaissance Technologies LLC now owns 223,100 shares of the restaurant operator’s stock valued at $96,239,000 after purchasing an additional 107,100 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $43,477,000. Finally, Marshall Wace LLP bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $41,614,000. 88.23% of the stock is owned by institutional investors.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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