Cowen and Company Analysts Give Chipotle Mexican Grill, Inc. (CMG) a $355.00 Price Target
Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given a $355.00 target price by Cowen and Company in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Cowen and Company’s price objective suggests a potential downside of 13.28% from the stock’s current price.
CMG has been the topic of a number of other research reports. Wedbush reiterated an “underperform” rating and set a $370.00 target price (down previously from $400.00) on shares of Chipotle Mexican Grill in a report on Monday, October 17th. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $404.00 price objective on the stock in a report on Tuesday, December 6th. Canaccord Genuity restated a “hold” rating and set a $375.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, December 19th. Instinet decreased their price objective on Chipotle Mexican Grill from $372.00 to $333.00 and set a “neutral” rating on the stock in a report on Wednesday, December 7th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 15th. Six equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have given a buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus price target of $424.49.
Chipotle Mexican Grill (NYSE:CMG) traded up 0.245% during midday trading on Thursday, reaching $410.353. The company’s stock had a trading volume of 347,449 shares. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 165.732 and a beta of 0.61. The company has a 50 day moving average price of $389.22 and a 200 day moving average price of $402.41. Chipotle Mexican Grill has a 1-year low of $352.96 and a 1-year high of $542.50.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 25th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by $1.32. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $13.71 million. Chipotle Mexican Grill had a net margin of 1.94% and a return on equity of 5.46%. Chipotle Mexican Grill’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.59 EPS. On average, equities research analysts expect that Chipotle Mexican Grill will post $1.25 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Generation Investment Management LLP bought a new position in Chipotle Mexican Grill during the second quarter valued at about $230,936,000. Pershing Square Capital Management L.P. bought a new position in Chipotle Mexican Grill during the third quarter valued at about $234,709,000. Morgan Stanley boosted its position in Chipotle Mexican Grill by 326.0% in the third quarter. Morgan Stanley now owns 459,967 shares of the company’s stock valued at $194,797,000 after buying an additional 351,995 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Chipotle Mexican Grill during the second quarter valued at about $81,768,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in Chipotle Mexican Grill by 325.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 191,110 shares of the company’s stock valued at $76,971,000 after buying an additional 146,200 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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