Chipotle Mexican Grill (CMG) Given a $797.00 Price Target by UBS Group Analysts

Chipotle Mexican Grill (NYSE:CMG) has been assigned a $797.00 target price by research analysts at UBS Group in a research report issued to clients and investors on Wednesday, May 8th, TipRanks reports. The firm currently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price objective points to a potential upside of 20.76% from the company’s previous close.

CMG has been the topic of several other research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $700.00 target price (up previously from $600.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 18th. Wells Fargo & Co boosted their target price on Chipotle Mexican Grill from $420.00 to $464.00 and gave the stock a “market perform” rating in a research report on Friday, January 11th. Zacks Investment Research upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $597.00 target price on the stock in a research report on Thursday, January 31st. Loop Capital boosted their target price on Chipotle Mexican Grill to $630.00 and gave the stock a “positive” rating in a research report on Thursday, February 7th. Finally, Wedbush upgraded Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $500.00 to $640.00 in a report on Friday, March 22nd. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $641.82.

CMG stock traded down $18.03 during trading on Wednesday, hitting $659.97. The company had a trading volume of 595,034 shares, compared to its average volume of 674,226. The stock has a market capitalization of $18.79 billion, a PE ratio of 72.84, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. Chipotle Mexican Grill has a 1-year low of $383.20 and a 1-year high of $727.00. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 1.69.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.01 by $0.39. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post 13 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, CFO Jack Hartung sold 4,907 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $625.21, for a total transaction of $3,067,905.47. Following the transaction, the chief financial officer now owns 45,237 shares of the company’s stock, valued at approximately $28,282,624.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 12,658 shares of company stock worth $8,180,702. Corporate insiders own 2.21% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc increased its holdings in shares of Chipotle Mexican Grill by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 2,590,430 shares of the restaurant operator’s stock worth $1,177,403,000 after buying an additional 47,822 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. BlackRock Inc. now owns 1,615,632 shares of the restaurant operator’s stock worth $697,615,000 after buying an additional 64,606 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Chipotle Mexican Grill by 17.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,460,399 shares of the restaurant operator’s stock worth $1,037,336,000 after buying an additional 219,940 shares during the last quarter. FMR LLC increased its holdings in shares of Chipotle Mexican Grill by 88.7% during the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock worth $812,301,000 after buying an additional 537,677 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Chipotle Mexican Grill by 6.6% during the 1st quarter. Jennison Associates LLC now owns 862,319 shares of the restaurant operator’s stock worth $612,514,000 after buying an additional 53,501 shares during the last quarter. 95.09% 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. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-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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