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Equities researchers at Wunderlich increased their target price on shares of Chipotle Mexican Grill (NYSE:CMG) from $500.00 to $542.00 in a research report issued on Friday, ARN reports. The firm currently has a “hold” rating on the stock. Wunderlich’s target price indicates a potential downside of 1.80% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Chipotle Mexican Grill from $620.00 to $650.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 24th. Finally, analysts at Wedbush downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 24th. They now have a $510.00 price target on the stock, up previously from $503.45. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $541.74.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 11.74% during mid-day trading on Friday, hitting $551.96. 2,135,276 shares of the company’s stock traded hands. Chipotle Mexican Grill has a 52-week low of $303.50 and a 52-week high of $568.90. The stock’s 50-day moving average is $522.1 and its 200-day moving average is $471.4. The company has a market cap of $17.080 billion and a price-to-earnings ratio of 50.03. Chipotle Mexican Grill also saw unusually large options trading on Thursday. Traders purchased 16,075 call options on the stock. This is an increase of 237% compared to the average volume of 4,769 call options.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings data on Thursday, January 30th. The company reported $2.53 earnings per share for the quarter, meeting the analysts’ consensus estimate of $2.53. The company had revenue of $844.10 million for the quarter, compared to the consensus estimate of $826.24 million. On average, analysts predict that Chipotle Mexican Grill will post $12.92 earnings per share for the current fiscal year.

Chipotle Mexican Grill, Inc and its subsidiaries (NYSE:CMG) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.

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