Sterne Agee reaffirmed their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a $603.00 price target on the stock, up from their previous price target of $524.00.
A number of other analysts have also recently weighed in on CMG. Analysts at Morgan Stanley reiterated a positive rating on shares of Chipotle Mexican Grill in a research note to investors on Tuesday, November 19th. They now have a $594.00 price target on the stock, up previously from $485.00. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Chipotle Mexican Grill from $550.00 to $600.00 in a research note to investors on Thursday, November 14th. They now have an outperform rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Chipotle Mexican Grill from a neutral rating to a buy rating in a research note to investors on Monday, November 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $485.79.
Chipotle Mexican Grill (NYSE:CMG) opened at 522.64 on Tuesday. Chipotle Mexican Grill has a one year low of $263.09 and a one year high of $550.28. The stock’s 50-day moving average is $522.0 and its 200-day moving average is $428.. The company has a market cap of $16.173 billion and a P/E ratio of 52.94.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings data on Thursday, October 17th. The company reported $2.66 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $2.27 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post $10.47 EPS for the current fiscal year.
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.
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