Market Overview

UPDATE: Jefferies Raises PT on Chipotle Mexican Grill on 1Q Beat

Share:
Related CMG
Benzinga's Top Upgrades, Downgrades For May 25, 2017
Argus Turns Bullish On Chipotle, Sees Upside To $550 Per Share
Indexes March To New Highs; Retailer Seeks Earnings Lift After Close (Investor's Business Daily)

In a report published Friday, Jefferies analyst Andy Barish reiterated an Underperform rating on Chipotle Mexican Grill (NYSE: CMG), and raised the price target from $250.00 to $265.00.

In the report, Barish noted, “EPS $2.45 on only 1% SSS, as ~$0.30 of lower G&A/tax saves drove beat to consensus $2.13. Stock should be up but we see little improvement in key operating metrics; with no real SSS drivers, we think restaurant-level margins will be flattish at best. Our ‘13/14 EPS up to $10.18/11.97 (beat/lower G&A), but at a current multiple of ~30x '14E EPS, we still think CMG is being overvalued for decelerating growth.”

Chipotle Mexican Grill closed on Thursday at $328.36.

Latest Ratings for CMG

DateFirmActionFromTo
May 2017ArgusUpgradesHoldBuy
Apr 2017RBC CapitalDowngradesOutperformSector Perform
Apr 2017Standpoint ResearchInitiates Coverage OnSell

View More Analyst Ratings for CMG
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (CMG)

View Comments and Join the Discussion!