Stock analysts at Piper Jaffray Cos. upped their target price on shares of Chipotle Mexican Grill (NYSE:CMG) from $450.00 to $480.00 in a report issued on Friday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray Cos.’s price objective points to a potential downside of 5.83% from the stock’s previous close.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 16.10% during mid-day trading on Friday, hitting $509.74. The stock had a trading volume of 2,438,783 shares. Chipotle Mexican Grill has a one year low of $233.82 and a one year high of $447.65. The stock’s 50-day moving average is $423.2 and its 200-day moving average is $386.2. The company has a market cap of $15.735 billion and a P/E ratio of 46.31. Chipotle Mexican Grill also was the target of some unusual options trading activity on Thursday. Stock investors purchased 21,925 put options on the company. This is an increase of 362% compared to the average volume of 4,743 put options.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, October 17th. The company reported $2.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.77 by $0.11. The company had revenue of $826.90 million for the quarter, compared to the consensus estimate of $820.28 million. During the same quarter last year, the company posted $2.27 earnings per share. Chipotle Mexican Grill’s revenue was up 18.0% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill will post $10.61 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Chipotle Mexican Grill from $400.00 to $440.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Lazard Capital Markets raised their price target on shares of Chipotle Mexican Grill from $455.00 to $535.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Chipotle Mexican Grill from $430.00 to $500.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of “Buy” and a consensus price target of $434.22.
In other Chipotle Mexican Grill news, CEO Montgomery Moran unloaded 3,830 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $444.09, for a total value of $1,700,864.70. Following the sale, the chief executive officer now directly owns 133,837 shares of the company’s stock, valued at approximately $59,435,673. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Chipotle Mexican Grill, Inc and its subsidiaries (NYSE:CMG) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.