Chipotle Mexican Grill (CMG) Stock Rating Reaffirmed by William Blair

William Blair restated their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note published on Wednesday.

Several other analysts have also recently issued reports on the company. SunTrust Banks set a $355.00 target price on Chipotle Mexican Grill and gave the company a buy rating in a research report on Wednesday, October 25th. Maxim Group reaffirmed a buy rating and set a $400.00 target price (down previously from $420.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $318.00 target price on Chipotle Mexican Grill and gave the company a buy rating in a research report on Wednesday. Barclays dropped their target price on Chipotle Mexican Grill from $370.00 to $325.00 and set an equal weight rating on the stock in a research report on Wednesday, October 18th. Finally, Morgan Stanley dropped their target price on Chipotle Mexican Grill from $350.00 to $310.00 and set an equal weight rating on the stock in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a sell rating, twenty-three 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 price target of $342.25.

Chipotle Mexican Grill (NYSE CMG) opened at $287.44 on Wednesday. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $499.00. The stock has a market capitalization of $7,019.71, a P/E ratio of 47.06, a P/E/G ratio of 1.64 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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 company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Chipotle Mexican Grill’s revenue was up 7.3% compared to the same quarter last year. equities analysts anticipate that Chipotle Mexican Grill will post 8.36 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. raised its stake in Chipotle Mexican Grill by 8,470.3% in the 4th quarter. Macquarie Group Ltd. now owns 25,711 shares of the restaurant operator’s stock worth $7,431,000 after acquiring an additional 25,411 shares during the last quarter. Sciencast Management LP purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $1,317,000. Flinton Capital Management LLC raised its stake in Chipotle Mexican Grill by 12.5% in the 4th quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock worth $583,000 after acquiring an additional 224 shares during the last quarter. Clearline Capital LP purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $1,778,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Chipotle Mexican Grill by 8.4% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 4,670 shares of the restaurant operator’s stock worth $1,349,000 after acquiring an additional 362 shares during the last quarter. Institutional investors own 87.00% 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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