Deutsche Bank Comments on Chipotle Mexican Grill's (CMG) Blowout Q2

Chipotle Mexican Grill (CMG) Price Target Raised to $630 at Wedbush

July 22, 2014 9:16 AM EDT

Wedbush maintained a Neutral rating on Chipotle Mexican Grill (NYSE: CMG) and raised its price target to $630.00 (from $560.00). Analyst Nick Setyan noted impressive SSS.

"Continue to believe drivers of SSS growth outperformance remain in place, but we also remain sidelined due to valuation, which we... More

Chipotle Mexican Grill (CMG) PT Raised to $600 at Jefferies; 'Hold' Maintained

July 22, 2014 8:01 AM EDT

Jefferies analyst Andy Barish raised estimates and his price target on Chipotle Mexican Grill (NYSE: CMG) to $600.00 (from $535.00) following strong Q2 results but maintained a Hold rating.

Barish comments, "CMG continues to materially beat SSS expectations (17.3% vs. cons 10.5%), even in... More

Chipotle Mexican Grill (CMG) PT Raised to $750 at BofA/Merrill Lynch on 'Remarkably Strong' Q2

July 22, 2014 7:31 AM EDT

BofA/Merrill Lynch analyst Joseph Buckley reiterated a Buy rating and raised his price target on Chipotle Mexican Grill (NYSE: CMG) price target of $750.00 (from $640.00) following "remarkably strong" 2Q earnings.

The firm is raising estimates from $12.85 to $13.95 for 2014 and from $16 to $17.20 for... More

Chipotle Mexican Grill (CMG) PT Lifted to $740 at Piper Jaffray Post Q2

July 22, 2014 6:52 AM EDT

Piper Jaffray analyst Nicole Miller Regan reiterated an Overweight rating and boosted her price target on Chipotle Mexican Grill (NYSE: CMG) to $740.00 (from $610.00) following strong Q2 results.

Regan commented, "Chipotle's top-line results for the 2Q14 period were far better-than-expected with traffic-driven SSS of +17.3% vs. our... More

Chipotle Mexican Grill (CMG) PT Lifted to $730 at RBC Capital

July 22, 2014 6:28 AM EDT

RBC Capital analyst David Palmer reiterated an Outperform rating and boosted his price target on Chipotle Mexican Grill (NYSE: CMG) to $730.00 (from $680.00) following blow-out Q2 results.

"We continue to view Chipotles pricing power as an asset that will provide outsized EPS growth through... More

Chipotle Mexican Grill (CMG) Tops Q2 EPS by 43c

July 21, 2014 4:03 PM EDT

Chipotle Mexican Grill (NYSE: CMG) reported Q2 EPS of $3.50, $0.43 better than the analyst estimate of $3.07. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $988.13 million. Comps increased 17.3%

Outlook

For 2014, management expects the following:

180 195 new restaurant openingsMid-teens comparable restaurant sales... More