Of the total 31 analysts that cover Chipotle Mexican Grill (CMG), 32.3% have given the stock a “buy” rating, while 51.6% are favoring a “hold,” and 16.1% are recommending a “sell” rating. Analysts have given the company a 12-month price target of $591.08, which represents a fall of 17.0% from its stock price of $712.27 on April 15.
Ready to put your morning scrolling to use? Sign up for Bagels & Stox, our witty take on the top market and investment news straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
Since the beginning of March, Piper Jaffray, BTIG, Argus, Wedbush, Stifel, and Jefferies have all raised their price targets on the stock. BTIG has increased its price target from $620 to $700, Wedbush has raised its price target from $500 to $640, Stifel has raised its price from $500 to $700, and Piper Jaffray has hiked its price target to $755. On April 11, Jefferies downgraded the stock to “hold” from “buy,” but raised its price target from $600 to $700.
Of the total 11 analysts covering Shake Shack (SHAK), 36.4% are favoring a “buy” rating, while 54.5% have given the stock a “hold” rating, and 9.1% have given it a “sell” recommendation. Analysts’ 12-month price target for Shake Shack stands at $52.30, implying a fall of 12.6% from its stock price of $59.85.
Of the total 29 analysts that cover McDonald’s (MCD), 79.3% have given the stock a “buy” rating, while 20.7% are favoring a “hold.” Analysts have given McDonald’s a 12-month price target of $199.64, implying an upside potential of 4.1% from its stock price of $191.85.
The surge in Chipotle’s stock price since the announcement of its fourth-quarter earnings on February 6 has also raised its valuation multiple. As of April 15, the company was trading at a forward PE multiple of 53.5x compared to 42.6x before the announcement of its fourth-quarter earnings. On April 15, peers Shake Shack and McDonald’s were trading at a forward PE multiple of 93.8x and 23.1x, respectively.