Chipotle Mexican Grill (NYSE: CMG)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Wednesday.
The analysts wrote, “Chipotle Mexican Grill (CMG) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
CMG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note to investors on Thursday, February 7th. They now have a $339.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Chipotle Mexican Grill from $290.00 to $310.00 in a research note to investors on Wednesday, February 6th. They now have an “in-line” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Chipotle Mexican Grill to $375.00 in a research note to investors on Wednesday, February 6th.
Five analysts have rated the stock with a buy rating, three have issued an overweight rating, seventeen have issued a hold rating, one has assigned an underweight rating, and two have issued a sell rating to the company. Chipotle Mexican Grill has a consensus rating of “hold” and an average target price of $334.45.
Chipotle Mexican Grill traded up 1.10% on Wednesday, hitting $332.85. Chipotle Mexican Grill has a 52-week low of $233.82 and a 52-week high of $442.40. The stock’s 50-day moving average is currently $310.2. The company has a market cap of $10.329 billion and a price-to-earnings ratio of 37.63.
Chipotle Mexican Grill last issued its quarterly earnings data on Tuesday, February 5th. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by $0.01. The company had revenue of $699.20 million for the quarter, compared to the consensus estimate of $698.86 million. During the same quarter last year, the company posted $1.81 earnings per share. Chipotle Mexican Grill’s revenue was up 17.2% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill will post $10.24 EPS for the current fiscal year.
Chipotle Mexican Grill, Inc. and its subsidiaries (Chipotle) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.
To view TheStreet’s full report, visit www.thestreetratings.com
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