Equities researchers at Stifel Nicolaus began coverage on shares of Chipotle Mexican Grill (NYSE: CMG) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Shares of Chipotle Mexican Grill (NYSE: CMG) traded down 2.35% during mid-day trading on Monday, hitting $375.18. Chipotle Mexican Grill has a one year low of $233.82 and a one year high of $404.59. The stock’s 50-day moving average is currently $369.1. The company has a market cap of $11.597 billion and a P/E ratio of 41.63.
Chipotle Mexican Grill (NYSE: CMG) last posted its quarterly earnings results on Thursday, April 18th. The company reported $2.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.14 by $0.31. The company had revenue of $726.80 million for the quarter, compared to the consensus estimate of $724.77 million. During the same quarter in the prior year, the company posted $1.97 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill will post $10.63 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 3rd. They now have a $430.00 price target on the stock. Separately, analysts at Miller Tabak reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note to investors on Monday, July 1st. They now have a $400.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Chipotle Mexican Grill from $345.00 to $360.00 in a research note to investors on Monday, July 1st. They now have a “hold” rating on the stock.
One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and an average price target of $377.89.
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.
