Chipotle Mexican Grill (CMG) Price Target Increased to $300.00 by Analysts at Wells Fargo & Co

Chipotle Mexican Grill (NYSE:CMG) had its price target upped by equities researchers at Wells Fargo & Co from $280.00 to $300.00 in a research report issued to clients and investors on Tuesday, January 30th. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co’s target price would suggest a potential downside of 0.10% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other analysts have also issued reports on the stock. Zacks Investment Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 16th. Bank of America lowered shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $390.00 to $285.00 in a research report on Wednesday, October 18th. UBS Group set a $345.00 price target on shares of Chipotle Mexican Grill and gave the company a “hold” rating in a research report on Thursday, October 26th. Maxim Group reissued a “buy” rating and issued a $400.00 price target (down previously from $420.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Finally, Nomura decreased their target price on shares of Chipotle Mexican Grill from $338.00 to $291.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Seven investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus price target of $359.78.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at $300.30 on Tuesday. Chipotle Mexican Grill has a 12-month low of $263.00 and a 12-month high of $499.00. The stock has a market cap of $8,798.51, a P/E ratio of 58.20, a PEG ratio of 1.81 and a beta of 0.59.

A number of hedge funds have recently added to or reduced their stakes in CMG. First Interstate Bank grew its stake in Chipotle Mexican Grill by 111.1% in the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after buying an additional 250 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $183,000. SeaCrest Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $197,000. Pacer Advisors Inc. grew its stake in Chipotle Mexican Grill by 43.2% in the 3rd quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after buying an additional 215 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Chipotle Mexican Grill by 71.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock worth $221,000 after buying an additional 318 shares in the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.

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Chipotle Mexican Grill Company Profile

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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