Chipotle Mexican Grill (CMG) Given a $275.00 Price Target at UBS Group

UBS Group set a $275.00 price target on Chipotle Mexican Grill (NYSE:CMG) in a report published on Wednesday. The brokerage currently has a sell rating on the restaurant operator’s stock.

CMG has been the topic of several other research reports. Goldman Sachs Group reissued a neutral rating and issued a $285.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research note on Thursday, February 8th. Wedbush increased their target price on shares of Chipotle Mexican Grill from $290.00 to $310.00 and gave the company a neutral rating in a research note on Friday, February 2nd. They noted that the move was a valuation call. ValuEngine downgraded shares of Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Friday, February 2nd. Bank of America reduced their target price on shares of Chipotle Mexican Grill from $285.00 to $270.00 and set an underperform rating on the stock in a research note on Wednesday, February 7th. Finally, Deutsche Bank set a $240.00 target price on shares of Chipotle Mexican Grill and gave the company a sell rating in a research note on Wednesday, October 25th. Nine analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill presently has a consensus rating of Hold and a consensus target price of $342.25.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up $0.88 on Wednesday, hitting $290.79. 474,439 shares of the stock traded hands, compared to its average volume of 1,448,025. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $499.00. The stock has a market capitalization of $8,260.00, a P/E ratio of 47.14, a P/E/G ratio of 1.64 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts expect that Chipotle Mexican Grill will post 8.36 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CMG. Municipal Employees Retirement System of Michigan raised its position in shares of Chipotle Mexican Grill by 149.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 1,620 shares of the restaurant operator’s stock valued at $468,000 after purchasing an additional 970 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Chipotle Mexican Grill by 8,470.3% in the 4th quarter. Macquarie Group Ltd. now owns 25,711 shares of the restaurant operator’s stock valued at $7,431,000 after purchasing an additional 25,411 shares during the last quarter. Sciencast Management LP purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $1,317,000. Flinton Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 12.5% in the 4th quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $583,000 after purchasing an additional 224 shares during the last quarter. Finally, Clearline Capital LP purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $1,778,000. 87.00% of the stock is owned by institutional investors and hedge funds.

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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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