Chipotle Mexican Grill (NYSE:CMG) had its price objective hoisted by research analysts at Piper Jaffray Companies from $590.00 to $661.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the restaurant operator’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 8.34% from the company’s current price. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s Q1 2019 earnings at $2.59 EPS, Q2 2019 earnings at $2.84 EPS, Q3 2019 earnings at $2.75 EPS and Q4 2019 earnings at $2.87 EPS.

Several other equities analysts have also recently issued reports on CMG. Zacks Investment Research cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $420.00 to $540.00 and gave the company a “market perform” rating in a research note on Thursday, February 7th. ValuEngine raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating in a research note on Friday. KeyCorp boosted their target price on Chipotle Mexican Grill from $525.00 to $625.00 and gave the company an “overweight” rating in a research note on Thursday, February 7th. Finally, BTIG Research boosted their target price on Chipotle Mexican Grill to $620.00 and gave the company a “positive” rating in a research note on Thursday, February 7th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $505.29.

Shares of CMG traded up $6.73 during mid-day trading on Tuesday, hitting $610.09. 9,820 shares of the company’s stock traded hands, compared to its average volume of 903,981. Chipotle Mexican Grill has a 1 year low of $249.31 and a 1 year high of $608.55. The stock has a market capitalization of $16.19 billion, a PE ratio of 67.23, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, analysts forecast that Chipotle Mexican Grill will post 12.16 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in CMG. FMR LLC boosted its holdings in Chipotle Mexican Grill by 10.2% in the second quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock worth $698,995,000 after acquiring an additional 149,725 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Chipotle Mexican Grill by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 336,486 shares of the restaurant operator’s stock valued at $145,149,000 after purchasing an additional 45,936 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Chipotle Mexican Grill by 15.5% during the third quarter. Bank of Montreal Can now owns 20,608 shares of the restaurant operator’s stock valued at $9,367,000 after purchasing an additional 2,771 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at $202,000. Finally, Andra AP fonden lifted its holdings in shares of Chipotle Mexican Grill by 59.5% during the third quarter. Andra AP fonden now owns 5,900 shares of the restaurant operator’s stock valued at $2,682,000 after purchasing an additional 2,200 shares in the last quarter. 91.25% of the stock is currently owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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