Chipotle Mexican Grill (CMG) Rating Reiterated by Canaccord Genuity

Canaccord Genuity reissued their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note released on Thursday, November 9th.

Several other equities research analysts have also weighed in on the stock. UBS set a $345.00 target price on shares of Chipotle Mexican Grill and gave the stock a hold rating in a report on Thursday, October 26th. Royal Bank Of Canada reiterated a hold rating and set a $320.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Credit Suisse Group reduced their price target on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a neutral rating on the stock in a research report on Wednesday, October 25th. Nomura reduced their price target on shares of Chipotle Mexican Grill from $338.00 to $291.00 and set a neutral rating on the stock in a research report on Wednesday, October 25th. Finally, Barclays reiterated a hold rating and set a $280.00 price target (down previously from $325.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Seven research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of Hold and an average target price of $356.06.

Shares of Chipotle Mexican Grill (NYSE CMG) traded up $11.34 during trading on Thursday, reaching $285.86. 1,333,192 shares of the company’s stock traded hands, compared to its average volume of 1,157,898. Chipotle Mexican Grill has a 12-month low of $263.00 and a 12-month high of $499.00. The company has a market cap of $7,750.00, a price-to-earnings ratio of 48.16, a PEG ratio of 2.41 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. analysts expect that Chipotle Mexican Grill will post 6.63 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in CMG. Korea Investment CORP grew its position in Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after acquiring an additional 55 shares during the last quarter. First Interstate Bank grew its position in Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares during the last quarter. Mercer Capital Advisers Inc. acquired a new stake in shares of Chipotle Mexican Grill during the third quarter valued at about $183,000. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 30,455.0% during the second quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock valued at $199,000 after purchasing an additional 82,533 shares in the last quarter. Hedge funds and other institutional investors own 88.74% 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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