Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks in a research note issued to investors on Wednesday. They presently have a $340.00 target price on the restaurant operator’s stock. SunTrust Banks’ price objective suggests a potential upside of 27.81% from the stock’s current price. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $9.38 EPS and FY2019 earnings at $13.59 EPS.
A number of other research firms also recently commented on CMG. Credit Suisse Group decreased their target price on 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 upped their price objective on Chipotle Mexican Grill from $291.00 to $315.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Deutsche Bank restated a “sell” rating and set a $290.00 price objective (up from $240.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, January 31st. Royal Bank of Canada decreased their price objective on Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating on the stock in a research report on Friday, October 20th. Finally, Wedbush restated a “hold” rating and set a $290.00 price objective on shares of Chipotle Mexican Grill in a research 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 assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $350.28.
Shares of Chipotle Mexican Grill (CMG) opened at $266.01 on Wednesday. The company has a market capitalization of $7,685.28, a PE ratio of 41.31, a P/E/G ratio of 1.57 and a beta of 0.59. Chipotle Mexican Grill has a 52-week low of $263.00 and a 52-week high of $499.00.
Several hedge funds and other institutional investors have recently modified their holdings of CMG. Ameriprise Financial Inc. raised its holdings in shares of Chipotle Mexican Grill by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 16,197 shares of the restaurant operator’s stock worth $6,754,000 after buying an additional 727 shares during the period. Suntrust Banks Inc. raised its holdings in shares of Chipotle Mexican Grill by 4.7% in the second quarter. Suntrust Banks Inc. now owns 940 shares of the restaurant operator’s stock worth $389,000 after buying an additional 42 shares during the period. Stifel Financial Corp grew its stake in Chipotle Mexican Grill by 14.0% in the second quarter. Stifel Financial Corp now owns 5,020 shares of the restaurant operator’s stock worth $2,024,000 after purchasing an additional 616 shares in the last quarter. AHL Partners LLP bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $1,229,000. Finally, Royal Bank of Canada grew its stake in Chipotle Mexican Grill by 16.3% in the second quarter. Royal Bank of Canada now owns 50,276 shares of the restaurant operator’s stock worth $20,919,000 after purchasing an additional 7,028 shares in the last quarter. Hedge funds and other institutional investors own 88.01% 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.
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