Chipotle Mexican Grill (CMG) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Chipotle Mexican Grill (NYSE: CMG):

  • 11/30/2017 – Chipotle Mexican Grill had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $263.00 price target on the stock, down previously from $301.99.
  • 11/29/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $325.00 price target on the stock.
  • 11/29/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $290.00 price target on the stock.
  • 11/29/2017 – Chipotle Mexican Grill was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 11/16/2017 – Chipotle Mexican Grill was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Chipotle’s third-quarter adjusted earnings of $1.33 per share lagged the Zacks Consensus Estimate by 14.7% but rose notably on a year-over-year basis. Revenues increased 8.8% to $1.128 billion and were almost in line with the consensus mark. Comps grew a mere 1% in the quarter despite the highly-anticipated nationwide roll-out of queso cheese dip. We note that 2017 has been a challenging year for Chipotle. Though initially sales somewhat recovered from the massive food safety scandal, which surfaced toward 2015-end, a fresh round of food-safety scare this summer once again raised alarming questions. In fact, Chipotle shares have underperformed the industry year to date. Even so, continued focus on food safety, simplifying restaurant operations, new menu items, enhancing digital orders and brand marketing is likely to draw customers. Still, higher costs are likely to impact margins, while a soft industry backdrop might limit revenue growth.”
  • 11/9/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Canaccord Genuity.
  • 10/26/2017 – Chipotle Mexican Grill was given a new $345.00 price target on by analysts at UBS AG. They now have a “hold” rating on the stock.
  • 10/25/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $320.00 price target on the stock.
  • 10/25/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Credit Suisse Group AG from $320.00 to $275.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Nomura from $338.00 to $291.00. They now have a “neutral” rating on the stock. They wrote, “Impacted by weather, earthquakes and higher than expected costs, 3Q17 adjusted EBITDA of $301M missed our/Street’s $316M/$318M estimates. Revenues improved ~4% YoY helped by: ~+3% attendance (owing to opening of two new waterparks), ~ +2% guest spending per capita, ~+23% licensing, and a small decline in sponsorship/ accommodations. Recent mild weather should provide a tailwind to Fright Fest and Holiday in the Park attendance, which drives 2018 season pass sales; Northern California fires could mute this impact slightly. Management backed off its $575M target for 2017, but mentioned Project 600 is probable in 2018 (50/50 chance) while Project 750 is still achievable, albeit now more difficult. SIX is raising prices 3%+. Management now expects its NOL to last through 2024.””
  • 10/25/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $280.00 price target on the stock, down previously from $325.00.
  • 10/25/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $290.00 price target on the stock.
  • 10/25/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Canaccord Genuity from $400.00 to $325.00. They now have a “hold” rating on the stock.
  • 10/25/2017 – Chipotle Mexican Grill was given a new $300.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 10/25/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Morgan Stanley from $350.00 to $310.00. They now have an “equal weight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/25/2017 – Chipotle Mexican Grill was given a new $355.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 10/25/2017 – Chipotle Mexican Grill had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $400.00 price target on the stock, down previously from $420.00. They wrote, “We maintain our Buy rating on Chipotle Mexican Grill (CMG), though lower our price target to $400, from $420 following the release of 3Q17 (September) results.””
  • 10/25/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Stifel Nicolaus from $345.00 to $310.00. They now have a “hold” rating on the stock.
  • 10/25/2017 – Chipotle Mexican Grill was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $330.00 price target on the stock, down previously from $370.00.
  • 10/25/2017 – Chipotle Mexican Grill had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $275.00 price target on the stock, down previously from $330.00.
  • 10/25/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Jefferies Group LLC to $300.00. They now have a “positive” rating on the stock.
  • 10/25/2017 – Chipotle Mexican Grill was given a new $240.00 price target on by analysts at Deutsche Bank AG. They now have a “sell” rating on the stock.
  • 10/20/2017 – Chipotle Mexican Grill had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $345.00 price target on the stock, down previously from $380.00.
  • 10/20/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Royal Bank of Canada from $440.00 to $330.00. They now have a “sector perform” rating on the stock.
  • 10/19/2017 – Chipotle Mexican Grill was given a new $390.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 10/19/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Nomura to $338.00. They now have a “neutral” rating on the stock.
  • 10/19/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Maxim Group from $435.00 to $420.00. They now have a “buy” rating on the stock.
  • 10/18/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Barclays PLC from $370.00 to $325.00. They now have an “equal weight” rating on the stock.
  • 10/18/2017 – Chipotle Mexican Grill was given a new $250.00 price target on by analysts at Deutsche Bank AG. They now have a “sell” rating on the stock.
  • 10/18/2017 – Chipotle Mexican Grill was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a $285.00 price target on the stock, down previously from $390.00.

Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $314.02 on Friday. The firm has a market capitalization of $8,890.00, a P/E ratio of 54.89, a price-to-earnings-growth ratio of 2.74 and a beta of 0.49. Chipotle Mexican Grill, Inc. has a 1 year low of $263.00 and a 1 year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly 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). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. equities research analysts predict that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current year.

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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