Chipotle Mexican Grill (CMG) PT Lowered to $400 at Maxim Group
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Chipotle Mexican Grill (CMG) PT Lowered to $275 at BMO Capital on 3Q; 'Softer Margins... Implied Guidance Underwhelming'
October 25, 2017 9:51 AM EDTBMO Capital lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $275.00 (from $330.00) while maintaining a Market Perform rating, following the company's third quarter earnings report.
Analyst Andrew Strelzik notes a cautious outlook, as the company delivered third quarter earnings per share... More
Chipotle Mexican Grill (CMG) PT Lowered to $300 at Baird Following 3Q Miss
October 25, 2017 8:59 AM EDTBaird lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $300.00 (from $340.00) while maintaining a Neutral rating following the company's 3Q. EPS of $1.33 missed consensus on higher-than-expected food costs, one-time impacts from hurricanes, and some unexpected closing/impairment costs.
Management intends to... More
Chipotle Mexican Grill (CMG): Premium Multiple Tough To Justify - Wells Fargo
October 25, 2017 7:21 AM EDTWells Fargo analyst, Jeff Farmer, reiterated his Market Perform rating on shares of Chipotle Mexican Grill (NYSE: CMG) after the company reported 3Q17 EPS of $1.33, excluding $0.64 related to 1x charges and including $0.13 related to hurricane headwinds, which fell short of the Streets $1.71.... More
Telsey Downgrades Chipotle Mexican Grill (CMG) to Market Perform
October 25, 2017 7:14 AM EDTTelsey downgraded Chipotle Mexican Grill (NYSE: CMG) from Outperform to Market Perform with a price target of $330.00 (from $370.00).
Analyst Bob Darrington lowers his estimates following the Q3 earnings report which lowers the PT and drives the downgrade. The analyst believes the... More
Chipotle Mexican Grill (CMG): Unit Growth And Traffic Disappoint - Guggenheim
October 25, 2017 6:30 AM EDTGuggenheim analyst, Matthew DiFrisco reiterated his Sell rating on shares of Chipotle Mexican Grill (NYSE: CMG) and cut his price target to $250 from $283 given the company's expected pullback in 2018 unit growth and negative traffic, both of which, the analyst thinks are incrementally negative... More
Chipotle Mexican Grill (CMG): PT Drops To $320 - RBC
October 25, 2017 6:17 AM EDTRBC Capital analyst, David Palmer, reiterated his Sector Perform rating on shares of Chipotle Mexican Grill (NYSE: CMG) and cut his price target to $320 from $330 after slower SSS growth and fewer store openings occurred in 2018.
The analyst stated "We remain optimistic that Chipotle's sales... More
Chipotle Mexican Grill (CMG) PT Lowered to $350 at Piper Jaffray
October 25, 2017 5:08 AM EDTPiper Jaffray lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $350.00 (from $510.00) while maintaining a Overweight rating.
Analyst Nicole Miller Regan believes in the company's recovery story and acknowledged the recent on development guidance will likely be a key focus... More
Chipotle Mexican Grill (CMG) PT Lowered to $280 at Barclays
October 25, 2017 5:06 AM EDTBarclays lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $280.00 (from $325.00) while maintaining a Equalweight rating.
Analyst Jeff Bernstein says the valuation is vulnerable now given limited margin visibility and restricted insight into EPS performance. The analyst suspects the valuation will continue... More
Chipotle Mexican Grill (CMG) PT Lowered to $325 at Canaccord Genuity
October 25, 2017 4:56 AM EDTCanaccord Genuity lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $325.00 (from $400.00) while maintaining a Hold rating.
Analyst Lynn Collier lowers the PT following a reduction in EPS estimates and notes sales remain well below pre-incident levels despite a ramp... More
Chipotle Mexican Grill (CMG) PT Lowered to $291 at Nomura/Instinet
October 25, 2017 3:34 AM EDTNomura/Instinet lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $291.00 (from $338.00) while maintaining a Neutral rating.
Analyst Mark Kalinowski comments that Q3 is driving "some spicy EPS estimate reductions" noting sales and margin challenges dampens his outlook which drives down his 2018... More
Chipotle Mexican Grill (CMG) PT Lowered to $300 at Jefferies
October 25, 2017 3:17 AM EDTJefferies lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $300.00 (from $350.00) while maintaining a Hold rating.
Analyst Andy Barish says management appears to be "throwing more things at the wall" when it comes to SSS drivers but feels it... More
Chipotle Mexican Grill (CMG) PT Lowered to $310 at Stifel
October 25, 2017 2:12 AM EDTStifel lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $310.00 (from $345.00) while maintaining a Hold rating.
Analyst Chris O'Cull was surprised at the company decision to significantly reduce unit growth as a means to absorb new operating structure and emphasize... More
Chipotle Mexican Grill (CMG) Misses Q3 EPS by 17c
October 24, 2017 4:07 PM EDTChipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $1.46, ex-items, $0.17 worse than the analyst estimate of $1.63. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.14 billion.
Comparable restaurant sales increased 1.0%.
We continued to make important progress to improve... More
