Chipotle Mexican (CMG) Setting Up Well for 2013 - UBS

March 13, 2013 1:24 PM EDT Send to a Friend
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Price: $655.60 +0.99%

Rating Summary:
    19 Buy, 10 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 43 | New: 52
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UBS raised estimates and its price target on Chipotle Mexican (NYSE: CMG) Wednesday from $310 to $330 but stopped short of upgraded the stock. Their Neutral rating was maintained.

"An early assessment of our consumer panel analysis through February suggests 1Q SSS growth may fall within the 0% to 2% range," the analyst comments. "While this is roughly in line with our 1% SSS estimate, this result augurs well for 2013 given 1) weak consumer confidence in 1Q, 2) unfavorable weather, 3) estimated 100bp leap year drag, and 4) potential boost later in 2013 from pricing and catering."

The firm raised FY13 EPS slightly to $10.35 and FY14 EPS to $12.50, representing growth of 18% and 21%, respectively.

For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $318.45 yesterday.


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