UBS Maintains a 'Neutral' on Chipotle Mexican Grill (CMG); Raising Numbers As We Begin To Embrace Bull Case Scenario
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Price: $33.50 +2.73%
Rating Summary:
36 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
36 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Chipotle Mexican Grill (NYSE: CMG) price target raised from $365 to $442.
Analyst, David Palmer, said, "We are raising our price target, and our 2012 and 2013 EPS estimates from $8.85 and $11.06 to $9.07 (+33% YOY) and $11.61 (+28% YOY) respectively to reflect our view that same store sales (SSS) growth has accelerated in 1Q (see bullet below), and that reduced employee turnover and focus on labor productivity can help sustain SSS growth over the peak selling months. We also believe food cost inflation should diminish throughout the year."
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 $420.09 yesterday.
Analyst, David Palmer, said, "We are raising our price target, and our 2012 and 2013 EPS estimates from $8.85 and $11.06 to $9.07 (+33% YOY) and $11.61 (+28% YOY) respectively to reflect our view that same store sales (SSS) growth has accelerated in 1Q (see bullet below), and that reduced employee turnover and focus on labor productivity can help sustain SSS growth over the peak selling months. We also believe food cost inflation should diminish throughout the year."
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 $420.09 yesterday.
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