Chipotle Mexican Grill (CMG) PT Lowered to $312.00

Chipotle Mexican Grill (NYSE:CMG) had its price target trimmed by Morgan Stanley from $346.00 to $312.00 in a research note released on Wednesday. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Several other equities research analysts have also commented on the stock. Bank of America lowered their price target on shares of Chipotle Mexican Grill from $285.00 to $270.00 and set an underperform rating on the stock in a report on Wednesday. Canaccord Genuity reaffirmed a hold rating and issued a $300.00 price target (down from $325.00) on shares of Chipotle Mexican Grill in a report on Wednesday. Sanford C. Bernstein reissued an outperform rating and set a $500.00 target price (down from $564.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Credit Suisse Group reissued a neutral rating and set a $275.00 target price (down from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Finally, Maxim Group reissued a buy rating and set a $410.00 target price (down from $425.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Nine research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $352.63.

Shares of Chipotle Mexican Grill (CMG) opened at $272.21 on Wednesday. Chipotle Mexican Grill has a 1-year low of $263.00 and a 1-year high of $499.00. The company has a market cap of $8,592.12, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, beating the consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.32%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. analysts predict that Chipotle Mexican Grill will post 9.94 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CMG. Principal Financial Group Inc. increased its holdings in shares of Chipotle Mexican Grill by 196.5% during the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after buying an additional 177,530 shares during the last quarter. Check Capital Management Inc. CA acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $54,272,000. Janus Henderson Group PLC increased its holdings in shares of Chipotle Mexican Grill by 332.5% during the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after buying an additional 124,330 shares during the last quarter. Hexavest Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $34,213,000. Finally, Marshfield Associates increased its holdings in shares of Chipotle Mexican Grill by 75.7% during the 3rd quarter. Marshfield Associates now owns 197,591 shares of the restaurant operator’s stock worth $60,824,000 after buying an additional 85,101 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

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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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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