Chipotle Mexican Grill (CMG) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Chipotle Mexican Grill (NYSE: CMG) recently:

  • 5/16/2018 – Chipotle Mexican Grill was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $496.14 price target on the stock, up previously from $247.52.
  • 5/14/2018 – Chipotle Mexican Grill had its price target raised by analysts at Piper Jaffray from $420.00 to $530.00. They now have an “overweight” rating on the stock.
  • 4/27/2018 – Chipotle Mexican Grill was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating. They now have a $435.00 price target on the stock, up previously from $410.00.
  • 4/27/2018 – Chipotle Mexican Grill was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/26/2018 – Chipotle Mexican Grill was given a new $285.00 price target on by analysts at Deutsche Bank. They now have a “sell” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at Royal Bank of Canada to $360.00. They now have a “sector perform” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $420.00 price target on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at Robert W. Baird from $400.00 to $440.00. They now have an “outperform” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at Wedbush from $325.00 to $350.00. They now have a “neutral” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating.
  • 4/26/2018 – Chipotle Mexican Grill had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $350.00 price target on the stock, up previously from $330.00.
  • 4/26/2018 – Chipotle Mexican Grill was upgraded by analysts at Cowen Inc from an “underperform” rating to a “market perform” rating.
  • 4/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at Stifel Nicolaus from $275.00 to $325.00. They now have a “hold” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at JPMorgan Chase. They now have a $365.00 price target on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at Barclays from $305.00 to $320.00. They now have an “equal weight” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at Morgan Stanley from $312.00 to $340.00. They now have an “equal weight” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at SunTrust Banks to $410.00. They now have a “buy” rating on the stock.
  • 4/26/2018 – Chipotle Mexican Grill was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. They now have a $425.00 price target on the stock, up previously from $300.00.
  • 4/26/2018 – Chipotle Mexican Grill was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating.
  • 4/25/2018 – Chipotle Mexican Grill had its price target raised by analysts at BMO Capital Markets from $275.00 to $350.00. They now have a “market perform” rating on the stock.
  • 4/24/2018 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $500.00 price target on the stock.
  • 4/23/2018 – Chipotle Mexican Grill had its price target raised by analysts at JPMorgan Chase from $320.00 to $320.00. They now have a “neutral” rating on the stock.
  • 4/18/2018 – Chipotle Mexican Grill had its “buy” rating reaffirmed by analysts at SunTrust Banks. They now have a $380.00 price target on the stock, up previously from $340.00.
  • 4/17/2018 – Chipotle Mexican Grill had its price target raised by analysts at Royal Bank of Canada to $340.00. They now have a “market perform” rating on the stock.
  • 4/10/2018 – Chipotle Mexican Grill was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Chipotle is one of the most popular fast-casual Mexican restaurant chains in the United States. Food-safety issues and high costs associated with U.S. restaurant space are currently the company's headwinds. Shares of Chipotle have underperformed the industry over the past year. Earnings estimates for 2018 have also been revised downward. However, Chipotle’s recovery plan to restore its economic model and customers trust to build sales along with efforts to enhance guest experience have started bearing fruit. Moreover, continued focus on simplifying restaurant operations, new menu items, enhancing digital orders and increased brand marketing should continue driving growth, going forward. Yet, higher costs are expected to hurt margins. Also, a string of new food safety concerns may further thwart performance.”
  • 4/10/2018 – Chipotle Mexican Grill was given a new $355.00 price target on by analysts at Piper Jaffray. They now have a “buy” rating on the stock.
  • 4/9/2018 – Chipotle Mexican Grill was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $290.00 price target on the stock.
  • 4/4/2018 – Chipotle Mexican Grill was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Chipotle is one of the most popular fast-casual Mexican restaurant chains in the United States. Food-safety issues and high costs associated with U.S. restaurant space are currently the company's headwinds. Shares of Chipotle have underperformed the industry over the past year. Earnings estimates for 2018 have also been revised downward. However, Chipotle’s recovery plan to restore its economic model and customers trust to build sales along with efforts to enhance guest experience have started bearing fruit. Moreover, continued focus on simplifying restaurant operations, new menu items, enhancing digital orders and increased brand marketing should continue driving growth, going forward. Yet, higher costs are expected to hurt margins. Also, a string of new food safety concerns may further thwart performance.”
  • 4/2/2018 – Chipotle Mexican Grill was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $311.43 price target on the stock.
  • 3/28/2018 – Chipotle Mexican Grill was given a new $275.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 3/27/2018 – Chipotle Mexican Grill was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Chipotle is one of the most popular fast-casual Mexican restaurant chains in the United States. Throughout 2016, the company affected by the negative publicity related to the food-borne illnesses. Shares of Chipotle have underperformed the industry over the past year. Earnings estimates for 2018 have also been revised downward. However, Chipotle’s recovery plan to restore its economic model and customers trust to build sales along with efforts to enhance guest experience have started bearing fruit. Moreover, continued focus on simplifying restaurant operations, new menu items, enhancing digital orders and increased brand marketing should continue driving growth, going forward. Yet, higher costs are expected to hurt margins. Also, a string of new food safety concerns may further thwart performance.”
  • 3/21/2018 – Chipotle Mexican Grill was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $319.64 price target on the stock.

Shares of Chipotle Mexican Grill opened at $438.58 on Friday, MarketBeat.com reports. The firm has a market cap of $12.42 billion, a P/E ratio of 66.45, a P/E/G ratio of 2.87 and a beta of 0.49. Chipotle Mexican Grill has a 12 month low of $430.01 and a 12 month high of $439.77.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.56. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 earnings per share. analysts anticipate that Chipotle Mexican Grill will post 8.44 EPS for the current year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage bought 420,322 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ali Namvar bought 3,000 shares of Chipotle Mexican Grill stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. Insiders own 2.19% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CMG. Schwab Charles Investment Management Inc. lifted its holdings in Chipotle Mexican Grill by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 90,872 shares of the restaurant operator’s stock worth $26,265,000 after acquiring an additional 3,472 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Chipotle Mexican Grill by 51.6% during the fourth quarter. State of Alaska Department of Revenue now owns 5,908 shares of the restaurant operator’s stock worth $1,706,000 after acquiring an additional 2,010 shares in the last quarter. Cim LLC lifted its holdings in Chipotle Mexican Grill by 31.1% during the fourth quarter. Cim LLC now owns 14,645 shares of the restaurant operator’s stock worth $4,233,000 after acquiring an additional 3,472 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Chipotle Mexican Grill by 7.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 14,681 shares of the restaurant operator’s stock worth $4,243,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Chipotle Mexican Grill by 71.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock worth $221,000 after acquiring an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 83.39% of the company’s stock.

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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