Chipotle Mexican Grill (CMG) Receives “Buy” Rating from SunTrust Banks

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.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. analysts expect that Chipotle Mexican Grill will post 9.88 EPS for the current fiscal year.

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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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