Chipotle Mexican Grill (CMG) Stock Rating Reaffirmed by Goldman Sachs Group

Goldman Sachs Group reaffirmed their neutral rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report sent to investors on Thursday morning. The firm currently has a $285.00 target price on the restaurant operator’s stock, down from their previous target price of $330.00.

CMG has been the topic of a number of other research reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a buy rating in a research report on Wednesday, October 11th. Jefferies Group lowered their price objective on Chipotle Mexican Grill to $300.00 and set a positive rating on the stock in a research report on Wednesday, October 25th. ValuEngine downgraded Chipotle Mexican Grill from a hold rating to a sell rating in a research report on Sunday, December 31st. Robert W. Baird set a $300.00 price objective on Chipotle Mexican Grill and gave the stock a hold rating in a research report on Wednesday, October 25th. Finally, Maxim Group reiterated a buy rating and issued a $425.00 price objective (up previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Ten research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $350.28.

Chipotle Mexican Grill (CMG) traded down $15.63 during trading hours on Thursday, hitting $250.38. The company’s stock had a trading volume of 1,787,410 shares, compared to its average volume of 1,269,349. The stock has a market capitalization of $7,510.00, a P/E ratio of 40.63, a P/E/G ratio of 1.57 and a beta of 0.59. Chipotle Mexican Grill has a 12-month low of $247.51 and a 12-month high of $499.00.

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

Several large investors have recently made changes to their positions in the company. Suntrust Banks Inc. grew its stake in shares of Chipotle Mexican Grill by 4.7% during the second quarter. Suntrust Banks Inc. now owns 940 shares of the restaurant operator’s stock valued at $389,000 after buying an additional 42 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Chipotle Mexican Grill by 1.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock worth $1,223,000 after purchasing an additional 44 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Chipotle Mexican Grill by 7.8% in the second quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 56 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Chipotle Mexican Grill by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock worth $1,467,000 after purchasing an additional 161 shares during the last quarter. Finally, National Asset Management Inc. grew its stake in shares of Chipotle Mexican Grill by 35.5% in the second quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after purchasing an additional 172 shares during the last quarter. 88.01% of the stock is currently owned by hedge funds and other institutional investors.

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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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