Stifel Nicolaus Upgrades Chipotle Mexican Grill (CMG) to “Hold”

Stifel Nicolaus upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from a sell rating to a hold rating in a report issued on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $275.00 target price on the restaurant operator’s stock, up from their previous target price of $250.00.

Several other brokerages have also recently weighed in on CMG. Credit Suisse Group lowered their price target on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a neutral rating for the company in a research report on Wednesday, October 25th. Nomura upped their price target on shares of Chipotle Mexican Grill from $291.00 to $315.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Wedbush cut shares of Chipotle Mexican Grill from a hold rating to a sell rating and set a $280.00 price target for the company. in a research report on Wednesday, February 7th. Deutsche Bank reaffirmed a sell rating and issued a $290.00 price target (up previously from $240.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, January 31st. Finally, Wells Fargo & Co upped their price target on shares of Chipotle Mexican Grill from $280.00 to $300.00 and gave the stock a market perform rating in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Eight analysts have rated the stock with a sell rating, twenty-four have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $337.30.

Shares of Chipotle Mexican Grill (CMG) opened at $317.57 on Tuesday. Chipotle Mexican Grill has a 52-week low of $247.51 and a 52-week high of $499.00. The firm has a market cap of $8,970.00, a P/E ratio of 51.55, a PEG ratio of 2.09 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping the 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. analysts predict that Chipotle Mexican Grill will post 8.32 earnings per share for the current year.

In related news, Director Paul T. Cappuccio purchased 500 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were acquired at an average price of $290.88 per share, for a total transaction of $145,440.00. Following the purchase, the director now owns 766 shares of the company’s stock, valued at approximately $222,814.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.01% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 1.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock worth $1,223,000 after acquiring an additional 44 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Chipotle Mexican Grill by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock worth $1,467,000 after acquiring an additional 161 shares during the period. Tyers Asset Management LLC increased its stake in shares of Chipotle Mexican Grill by 12.5% in the fourth quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $458,000 after acquiring an additional 176 shares during the period. LS Investment Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 17.9% in the third quarter. LS Investment Advisors LLC now owns 1,180 shares of the restaurant operator’s stock worth $363,000 after acquiring an additional 179 shares during the period. Finally, Gagnon Securities LLC increased its stake in shares of Chipotle Mexican Grill by 8.5% in the third quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock worth $746,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 88.88% of the company’s stock.

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About Chipotle Mexican Grill

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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