Chipotle Mexican Grill (CMG) PT Set at $355.00 by Piper Jaffray


Piper Jaffray set a $355.00 price target on Chipotle Mexican Grill (NYSE:CMG) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the restaurant operator’s stock.


Other research analysts have also recently issued reports about the stock. Credit Suisse Group reaffirmed a neutral rating and set a $275.00 target price (down from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, February 7th. Robert W. Baird decreased their price objective on shares of Chipotle Mexican Grill from $310.00 to $295.00 and set a neutral rating on the stock in a research note on Wednesday, February 7th. Wedbush cut shares of Chipotle Mexican Grill from a hold rating to a sell rating and set a $280.00 price objective on the stock. in a research note on Wednesday, February 7th. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $325.00 to $305.00 and set an equal weight rating on the stock in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada decreased their price objective on shares of Chipotle Mexican Grill to $310.00 and set a sector perform rating on the stock in a research note on Wednesday, February 7th. Eight investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $337.78.


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Shares of CMG opened at $318.36 on Tuesday. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00. The company has a market cap of $9,079.57, a PE ratio of 48.24, a price-to-earnings-growth ratio of 2.24 and a beta of 0.55.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. research analysts predict that Chipotle Mexican Grill will post 8.24 EPS for the current fiscal year.


In other Chipotle Mexican Grill news, Director Ali Namvar purchased 3,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were bought at an average price of $317.70 per share, for a total transaction of $953,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pershing Square Capital Manage purchased 420,322 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $318.14 per share, for a total transaction of $133,721,241.08. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 423,822 shares of company stock worth $134,819,781. Insiders own 2.19% of the company’s stock.


Several large investors have recently modified their holdings of CMG. Independent Franchise Partners LLP acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $107,391,000. Timucuan Asset Management Inc. FL acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $45,643,000. Janus Henderson Group PLC lifted its holdings in shares of Chipotle Mexican Grill by 332.5% during the third quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after purchasing an additional 124,330 shares during the period. Hexavest Inc. acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $34,213,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 524.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 111,162 shares of the restaurant operator’s stock worth $32,129,000 after purchasing an additional 93,374 shares during the period. Institutional investors own 84.21% of the company’s stock.


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Chipotle Mexican Grill Company Profile

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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