Instinet Remains Sidelined on Chipotle Mexican Grill (CMG) Following 4Q

Instinet reiterated a Neutral rating and $333.00 price target on Chipotle Mexican Grill (NYSE: CMG) following the company's 4Q report.

Analyst Mark Kalinowski commented, "After yesterday's market close, Chipotle Mexican Grill reported Q4 EPS of $0.55, within the pre-announced range of $0.50-0.58, and matching our $0.55 estimate. Consensus Metrix was at $0.54. Fourth-quarter same-store sales—which had been previously divulged—declined by 4.8%. For full-year 2017, the company continues to target high-single-digit same-store sales, 195-210 new units, and a tax rate of 39.0-39.5%. We retain our 2017 and 2018 EPS projections of $8.40 and $12.40, respectively, and maintain our Neutral rating on CMG."

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 $423.30 yesterday.

You May Also Be Interested In

• Natera (NTRA) PT Raised to $270 at BTIG
• William Blair Upgrades Backblaze Inc (BLZE) to Market Perform
• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities