Telsey Advisory Group Reaffirms Market Perform Rating for Chipotle Mexican Grill (CMG)

Telsey Advisory Group reiterated their market perform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report issued on Thursday, Marketbeat.com reports. They currently have a $600.00 price target on the restaurant operator’s stock, up from their prior price target of $500.00.

CMG has been the subject of several other reports. Barclays boosted their price objective on shares of Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an equal weight rating in a research report on Friday, October 26th. Royal Bank of Canada upgraded shares of Chipotle Mexican Grill from a sector perform rating to an outperform rating and boosted their price objective for the company from $450.00 to $510.00 in a research report on Monday, October 22nd. Wedbush restated an underperform rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 20th. TheStreet downgraded shares of Chipotle Mexican Grill from a b- rating to a c rating in a research report on Thursday, October 25th. Finally, Bank of America set a $340.00 price objective on shares of Chipotle Mexican Grill and gave the company a sell rating in a research report on Friday, October 26th. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of Hold and a consensus target price of $501.39.

NYSE CMG opened at $582.77 on Thursday. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $606.00. The company has a market capitalization of $16.19 billion, a PE ratio of 65.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.34. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts predict that Chipotle Mexican Grill will post 12.16 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Hawaiian Bank grew its stake in shares of Chipotle Mexican Grill by 4.5% during the fourth quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock worth $201,000 after buying an additional 20 shares during the last quarter. Huntington National Bank grew its stake in shares of Chipotle Mexican Grill by 19.9% during the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after buying an additional 28 shares during the last quarter. Emerald Advisers LLC grew its stake in shares of Chipotle Mexican Grill by 1.7% during the fourth quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock worth $1,060,000 after buying an additional 40 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Chipotle Mexican Grill by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock worth $2,705,000 after buying an additional 42 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in shares of Chipotle Mexican Grill by 7.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 744 shares of the restaurant operator’s stock worth $321,000 after buying an additional 50 shares during the last quarter. 91.25% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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