Chipotle Mexican Grill Inc. (NYSE:CMG) had its price objective lowered by Goldman Sachs Group Inc. from $445.00 to $395.00 in a research report issued on Wednesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price points to a potential downside of 1.35% from the stock’s previous close.

Several other research analysts have also recently commented on CMG. Nomura reiterated a “neutral” rating and issued a $420.00 target price on shares of Chipotle Mexican Grill in a report on Friday, June 3rd. Jefferies Group reiterated a “sell” rating on shares of Chipotle Mexican Grill in a report on Friday, August 5th. Citigroup Inc. raised their target price on shares of Chipotle Mexican Grill from $488.00 to $517.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Vetr cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 target price for the company. in a report on Tuesday, July 12th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $590.00 target price on shares of Chipotle Mexican Grill in a report on Monday, July 18th. Seven equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $480.36.

Chipotle Mexican Grill (NYSE:CMG) traded up 0.32% during midday trading on Wednesday, hitting $401.69. 176,970 shares of the stock traded hands. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $757.00. The firm has a market cap of $11.70 billion, a P/E ratio of 57.87 and a beta of 0.59. The company has a 50-day moving average price of $408.07 and a 200-day moving average price of $431.75.

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Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The business had revenue of $998.40 million for the quarter, compared to the consensus estimate of $1.06 billion. Analysts predict that Chipotle Mexican Grill will post $0.24 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,094 shares of the company’s stock worth $441,000 after buying an additional 6 shares during the period. Iron Financial LLC boosted its stake in shares of Chipotle Mexican Grill by 1.9% in the second quarter. Iron Financial LLC now owns 687 shares of the company’s stock worth $277,000 after buying an additional 13 shares during the period. Bank of Nova Scotia boosted its stake in shares of Chipotle Mexican Grill by 3.4% in the second quarter. Bank of Nova Scotia now owns 608 shares of the company’s stock worth $245,000 after buying an additional 20 shares during the period. Gagnon Securities LLC boosted its stake in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Gagnon Securities LLC now owns 1,583 shares of the company’s stock worth $638,000 after buying an additional 20 shares during the period. Finally, WFG Advisors LP boosted its stake in shares of Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock worth $120,000 after buying an additional 20 shares during the period. 96.65% of the stock is owned by institutional investors.

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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