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Research analysts at BMO Capital Markets lifted their target price on shares of Chipotle Mexican Grill (NYSE:CMG) from $570.00 to $620.00 in a report released on Friday, AnalystRatingsNetwork.com reports. BMO Capital Markets’ price target points to a potential upside of 12.33% from the company’s current price.

CMG has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Chipotle Mexican Grill from $452.00 to $520.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Chipotle Mexican Grill from $510.00 to $560.00 in a research note to investors on Friday. Finally, analysts at Piper Jaffray raised their price target on shares of Chipotle Mexican Grill from $480.00 to $550.00 in a research note to investors on Friday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $552.39.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 551.96 on Friday. Chipotle Mexican Grill has a one year low of $303.50 and a one year high of $568.90. The stock has a 50-day moving average of $522.1 and a 200-day moving average of $471.4. The company has a market cap of $17.080 billion and a P/E ratio of 50.03. Chipotle Mexican Grill also was the target of unusually large options trading on Thursday. Stock traders bought 16,075 call options on the stock. This represents an increase of approximately 237% compared to the typical volume of 4,769 call options.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.53 earnings per share (EPS) for the quarter, meeting the 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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