Chipotle Mexican Grill (CMG) Lowered to Neutral at Mizuho

Chipotle Mexican Grill (NYSE:CMG) was downgraded by research analysts at Mizuho from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $533.00 price target on the restaurant operator’s stock. Mizuho’s target price would indicate a potential upside of 100.37% from the stock’s previous close.

Other analysts have also issued reports about the stock. Piper Jaffray Companies set a $510.00 price target on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group reduced their price target on shares of Chipotle Mexican Grill to $300.00 and set a “positive” rating for the company in a research note on Wednesday, October 25th. ValuEngine lowered shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Robert W. Baird set a $300.00 price target on shares of Chipotle Mexican Grill and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $425.00 price target (up from $400.00) on shares of Chipotle Mexican Grill in a research note on Thursday, January 18th. Nine equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $350.28.

Chipotle Mexican Grill (CMG) opened at $266.01 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 $7,685.28, a PE ratio of 41.31, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59.

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 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 13.44%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.3% on a year-over-year basis. sell-side analysts forecast that Chipotle Mexican Grill will post 9.88 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. First Interstate Bank lifted its stake in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 246 shares during the period. Mercer Capital Advisers Inc. acquired a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $183,000. National Asset Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 35.5% during the second quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock valued at $274,000 after acquiring an additional 172 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $197,000. 88.01% of the stock is owned by institutional investors and hedge funds.

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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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