Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $270.00

Chipotle Mexican Grill (NYSE:CMG) had its target price trimmed by Bank of America from $285.00 to $270.00 in a research note published on Wednesday, February 7th. The firm currently has an underperform rating on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on the company. Credit Suisse Group restated a neutral rating and set a $275.00 target price (down from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, February 7th. Telsey Advisory Group cut Chipotle Mexican Grill from an outperform rating to a market perform rating and dropped their target price for the company from $370.00 to $330.00 in a report on Wednesday, October 25th. Royal Bank of Canada dropped their target price on Chipotle Mexican Grill to $310.00 and set a sector perform rating for the company in a report on Wednesday, February 7th. SunTrust Banks set a $355.00 target price on Chipotle Mexican Grill and gave the company a buy rating in a report on Wednesday, October 25th. Finally, Wedbush restated a hold rating and set a $290.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Nine investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill has a consensus rating of Hold and a consensus target price of $342.25.

Chipotle Mexican Grill (CMG) traded down $1.08 on Wednesday, hitting $288.83. The stock had a trading volume of 578,416 shares, compared to its average volume of 1,455,898. Chipotle Mexican Grill has a 1 year low of $247.51 and a 1 year high of $499.00. The stock has a market cap of $8,260.00, a PE ratio of 46.93, a P/E/G ratio of 1.64 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts anticipate that Chipotle Mexican Grill will post 8.36 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Mosaic Family Wealth LLC boosted its holdings in shares of Chipotle Mexican Grill by 1,356.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 407 shares during the period. First Interstate Bank lifted its holdings in shares of 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 purchasing an additional 250 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Chipotle Mexican Grill by 75.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 246 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $183,000. Finally, National Asset Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 35.5% in the second quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock valued at $274,000 after purchasing an additional 172 shares in the last quarter. 87.00% of the stock is owned by institutional investors.

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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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