Chipotle Mexican Grill (NYSE:CMG) PT Raised to $55.00 at Guggenheim

Chipotle Mexican Grill (NYSE:CMG) had its target price upped by Guggenheim from $54.50 to $55.00 in a research note published on Wednesday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other equities analysts have also issued reports about the stock. Raymond James reaffirmed an outperform rating and issued a $70.00 price objective (up from $67.00) on shares of Chipotle Mexican Grill in a research report on Friday, June 28th. The Goldman Sachs Group began coverage on shares of Chipotle Mexican Grill in a report on Thursday, June 13th. They issued a buy rating and a $74.60 price target for the company. Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $3,270.00 to $70.00 and set a buy rating on the stock in a report on Tuesday, July 9th. Evercore ISI reduced their target price on Chipotle Mexican Grill from $3,600.00 to $72.00 and set an outperform rating for the company in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a hold rating in a research note on Tuesday, April 16th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $62.88.

Chipotle Mexican Grill Trading Down 2.0 %

NYSE CMG opened at $49.81 on Wednesday. Chipotle Mexican Grill has a 12-month low of $35.37 and a 12-month high of $69.26. The firm’s fifty day simple moving average is $125.36 and its two-hundred day simple moving average is $79.52. The firm has a market capitalization of $68.41 billion, a P/E ratio of 52.99, a P/E/G ratio of 2.07 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 46.17% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $12.65 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors have recently modified their holdings of CMG. Moody National Bank Trust Division lifted its holdings in shares of Chipotle Mexican Grill by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 490 shares of the restaurant operator’s stock worth $1,424,000 after acquiring an additional 5 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $730,000. GAMMA Investing LLC raised its holdings in shares of Chipotle Mexican Grill by 27.6% in the 1st quarter. GAMMA Investing LLC now owns 250 shares of the restaurant operator’s stock valued at $727,000 after buying an additional 54 shares during the period. M&G Plc purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $9,221,000. Finally, Gulf International Bank UK Ltd increased its stake in Chipotle Mexican Grill by 0.7% during the first quarter. Gulf International Bank UK Ltd now owns 2,281 shares of the restaurant operator’s stock worth $6,630,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.