UBS Maintains a 'Neutral' on Chipotle Mexican Grill (CMG); Beefy Enough?
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Price: $375.16 +0.83%
Rating Summary:
11 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade CMG Now!
UBS maintains a 'Neutral' on Chipotle Mexican Grill (NYSE: CMG) price target of $443.00.
Analyst, David Palmer asks, "Is CMG Beefy Enough?". In the past three months, shares have fallen from a 52-wk high of $442.40 (on April 13, 2012) to about $380, almost 15% correction. Today, the stock is up $7.72 (+2.01%) to $391.25 and Wall Street will be eyeing the company's Q2 earnings report due out July 19th. Street consensus is $2.30 and $706.63M.
Note - Chipotle topped Q1 estimates by $0.06/shares on better-than-expected revenues. Comps were up 12.7%. However, Wall Street sold off on the news, back on April 19, 2012, and the stock fell from $430 to $419.
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 $383.53 yesterday, with a 52 week range of $271.53-$442.40.
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Analyst, David Palmer asks, "Is CMG Beefy Enough?". In the past three months, shares have fallen from a 52-wk high of $442.40 (on April 13, 2012) to about $380, almost 15% correction. Today, the stock is up $7.72 (+2.01%) to $391.25 and Wall Street will be eyeing the company's Q2 earnings report due out July 19th. Street consensus is $2.30 and $706.63M.
Note - Chipotle topped Q1 estimates by $0.06/shares on better-than-expected revenues. Comps were up 12.7%. However, Wall Street sold off on the news, back on April 19, 2012, and the stock fell from $430 to $419.
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 $383.53 yesterday, with a 52 week range of $271.53-$442.40.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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