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.
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