UBS Raising Estimates and PT on Chipotle Mexican Grill (CMG); Momentum Is Not Optional
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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 of $443.00 (from $442.00).
Analyst, David Palmer, said, "We are raising our 2Q EPS estimate slightly following results of our consumer panel analysis through May. We now expect 2Q same store sales (SSS) growth to fall within the low double-digit range and are accordingly raising our estimate from 10% to 11%. Our 2Q EPS estimate moves to $2.33 from $2.27." (FY12 EPS Estimate raised from $9.07 to $9.13 and FY13 from $11.61 to $11.65)
Palmer will continue watching sales momentum, but remains neutral, saying at 35x forward P/E, momentum is not optional.
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 $398.25 yesterday.
Analyst, David Palmer, said, "We are raising our 2Q EPS estimate slightly following results of our consumer panel analysis through May. We now expect 2Q same store sales (SSS) growth to fall within the low double-digit range and are accordingly raising our estimate from 10% to 11%. Our 2Q EPS estimate moves to $2.33 from $2.27." (FY12 EPS Estimate raised from $9.07 to $9.13 and FY13 from $11.61 to $11.65)
Palmer will continue watching sales momentum, but remains neutral, saying at 35x forward P/E, momentum is not optional.
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 $398.25 yesterday.
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