Chipotle Mexican Grill, Inc. (CMG) Given New $350.00 Price Target by Argus Analysts.
Wednesday, June 29, 2021 9:59 AM

Equities research analysts at Argus boosted their price target on shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) from $300.00 to $350.00 in a research note to investors on Wednesday. The analysts currently have a "buy" rating on the stock.

Separately, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Chipotle Mexican Grill, Inc. to $350.00 in a research note to investors on Wednesday, June 8th. They now have a "buy" rating on the stock. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Chipotle Mexican Grill, Inc. in a research note to investors on Friday, April 29th.

Shares of Chipotle Mexican Grill, Inc. opened at 308.12 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $127.30 and a 52 week high of $305.30. The stock's 50-day moving average is $281.1 and its 200-day moving average is $256.8. The company has a market cap of $9.588 billion and a price-to-earnings ratio of 51.55.

Chipotle Mexican Grill, Inc. last announced its quarterly results on Wednesday, April 20th. The company reported $1.46 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.43 EPS by $0.03. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 24.30% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post $1.88 EPS next quarter.

Chipotle Mexican Grill, Inc. (Chipotle) develops and operates fast-casual, Mexican food restaurants in 35 states throughout the United States, the District of Columbia, and Ontario, Canada. As of December 31, 2009, the Company operated 956 restaurants. Chipotle’s restaurants serve a focused menu of tacos, burritos, salads and burrito bowls (a burrito without the tortilla). The Company manages its operations and restaurants based on five regions and has aggregated its operations to one segment. The Company categorizes its restaurants as either end caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free standing or other. Of its restaurants in operation as of December 31, 2009, Chipotle had 198 free-standing units, 577 end-cap locations, 150 in-line locations and 31 other. The average restaurant size is about 2,600 square feet and seats about 55 people. Most of its restaurants also feature outdoor patio space.

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