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Chipotle Mexican Grill (NYSE:CMG) was downgraded by equities research analysts at Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $697.00 price target on the stock. Longbow Research’s price objective points to a potential upside of 4.08% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, July 28th. They now have a $793.00 price target on the stock, up previously from $648.00. Separately, analysts at Argus raised their price target on shares of Chipotle Mexican Grill from $660.00 to $750.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 23rd. They now have a $693.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $681.48.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 0.32% on Friday, hitting $669.70. The stock had a trading volume of 354,191 shares. Chipotle Mexican Grill has a 1-year low of $397.01 and a 1-year high of $686.05. The stock’s 50-day moving average is $626. and its 200-day moving average is $565.1. The company has a market cap of $20.771 billion and a price-to-earnings ratio of 59.23.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Monday, July 21st. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.07 by $0.43. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $988.13 million. During the same quarter in the prior year, the company posted $2.82 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post $13.62 EPS for the current fiscal year.

Chipotle Mexican Grill, Inc (NYSE:CMG) operates Chipotle Mexican Grill restaurants.

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