Royal Bank Of Canada reaffirmed their hold rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note released on Wednesday. The brokerage currently has a $320.00 price objective on the restaurant operator’s stock.
Other equities research analysts have also recently issued reports about the stock. Maxim Group raised shares of Chipotle Mexican Grill from a hold rating to a buy rating and boosted their price objective for the company from $440.00 to $470.00 in a research report on Tuesday, July 18th. Mizuho set a $533.00 price objective on shares of Chipotle Mexican Grill and gave the company a buy rating in a research report on Monday, July 17th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $505.00 price objective (down from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. William Blair reaffirmed a buy rating on shares of Chipotle Mexican Grill in a research report on Thursday, August 24th. Finally, Piper Jaffray Companies set a $510.00 price objective on shares of Chipotle Mexican Grill and gave the company a buy rating in a research report on Wednesday, October 11th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $356.06.
Chipotle Mexican Grill (CMG) traded down 1.92% during trading on Wednesday, hitting $276.12. 1,637,424 shares of the stock were exchanged. The stock has a 50 day moving average price of $310.18 and a 200-day moving average price of $385.28. Chipotle Mexican Grill has a 12-month low of $270.00 and a 12-month high of $499.00. The firm has a market capitalization of $7.87 billion, a PE ratio of 59.36 and a beta of 0.60.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts anticipate that Chipotle Mexican Grill will post $6.82 earnings per share for the current fiscal year.
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Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 895.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,910 shares of the restaurant operator’s stock worth $1,511,000 after acquiring an additional 4,417 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $641,000. Harbor Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $462,000. Calamos Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 3.6% during the 3rd quarter. Calamos Advisors LLC now owns 5,823 shares of the restaurant operator’s stock worth $1,792,000 after acquiring an additional 204 shares during the period. Finally, Regentatlantic Capital LLC lifted its holdings in shares of Chipotle Mexican Grill by 47.6% during the 3rd quarter. Regentatlantic Capital LLC now owns 930 shares of the restaurant operator’s stock worth $286,000 after acquiring an additional 300 shares during the period. 90.01% of the stock is owned by institutional investors.
About Chipotle Mexican Grill
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.
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