SunTrust Banks reissued their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report issued on Wednesday morning. They currently have a $340.00 price objective on the restaurant operator’s stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $3.31 EPS, Q3 2018 earnings at $2.40 EPS, Q4 2018 earnings at $2.13 EPS, FY2018 earnings at $9.38 EPS, Q1 2019 earnings at $2.36 EPS, Q2 2019 earnings at $4.44 EPS, Q3 2019 earnings at $3.70 EPS, Q4 2019 earnings at $3.10 EPS and FY2019 earnings at $13.59 EPS.

CMG has been the subject of a number of other reports. ValuEngine downgraded Chipotle Mexican Grill from a hold rating to a sell rating in a report on Friday, February 2nd. Wedbush upped their price objective on Chipotle Mexican Grill from $290.00 to $310.00 and gave the stock a neutral rating in a research note on Friday, February 2nd. They noted that the move was a valuation call. Deutsche Bank set a $240.00 price objective on Chipotle Mexican Grill and gave the stock a sell rating in a research note on Wednesday, October 25th. Nomura lowered their price objective on Chipotle Mexican Grill to $338.00 and set a neutral rating for the company in a research note on Thursday, October 19th. Finally, Wells Fargo & Co restated a hold rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Ten research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $350.28.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at $255.46 on Wednesday. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00. The firm has a market capitalization of $6,930.00, a P/E ratio of 41.47, a PEG ratio of 1.67 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.55 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. sell-side analysts expect that Chipotle Mexican Grill will post 8.68 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Suntrust Banks Inc. boosted its position in Chipotle Mexican Grill by 4.7% during the 2nd quarter. Suntrust Banks Inc. now owns 940 shares of the restaurant operator’s stock worth $389,000 after acquiring an additional 42 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Chipotle Mexican Grill by 1.5% during the 2nd 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. Cetera Investment Advisers boosted its position in Chipotle Mexican Grill by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 56 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Chipotle Mexican Grill by 3.3% during the 4th 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. Finally, National Asset Management Inc. boosted its position in Chipotle Mexican Grill by 35.5% during the 2nd quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 172 shares during the period. Institutional investors own 88.01% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “SunTrust Banks Reiterates Buy Rating for Chipotle Mexican Grill (CMG)” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://theolympiareport.com/2018/02/11/suntrust-banks-reiterates-buy-rating-for-chipotle-mexican-grill-cmg.html.

Chipotle Mexican Grill Company Profile

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)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.