Chipotle Mexican Grill Inc. (NYSE:CMG) had its target price reduced by investment analysts at Goldman Sachs Group Inc. from $445.00 to $395.00 in a report released on Wednesday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential downside of 1.35% from the company’s previous close.

CMG has been the topic of several other reports. Nomura reissued a “neutral” rating and issued a $420.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, June 3rd. Jefferies Group reissued a “sell” rating on shares of Chipotle Mexican Grill in a research report on Friday, August 5th. Citigroup Inc. raised their price objective on Chipotle Mexican Grill from $488.00 to $517.00 and gave the company a “buy” rating in a research report on Tuesday, September 13th. Vetr lowered Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 price objective on the stock. in a research report on Tuesday, July 12th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $590.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, July 18th. Seven analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have assigned a buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Hold” and an average price target of $480.36.

Chipotle Mexican Grill (NYSE:CMG) traded up 0.41% during mid-day trading on Wednesday, hitting $402.08. The stock had a trading volume of 173,393 shares. Chipotle Mexican Grill has a 12-month low of $384.77 and a 12-month high of $757.00. The firm has a market cap of $11.71 billion, a PE ratio of 57.93 and a beta of 0.59. The company has a 50-day moving average of $408.07 and a 200-day moving average of $431.75.

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Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by $0.06. The firm earned $998.40 million during the quarter, compared to analysts’ expectations of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. Analysts expect that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in CMG. Commonwealth Equity Services Inc raised its stake in Chipotle Mexican Grill by 52.7% in the first quarter. Commonwealth Equity Services Inc now owns 9,442 shares of the company’s stock valued at $4,447,000 after buying an additional 3,257 shares during the last quarter. Jag Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at about $5,067,000. Telemus Capital LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at about $1,695,000. Apex Capital Management acquired a new stake in Chipotle Mexican Grill during the first quarter valued at about $3,366,000. Finally, Sii Investments Inc. WI raised its stake in Chipotle Mexican Grill by 30.2% in the first quarter. Sii Investments Inc. WI now owns 1,962 shares of the company’s stock valued at $915,000 after buying an additional 455 shares during the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

5 Day Chart for NYSE:CMG

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