Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating restated by investment analysts at Jefferies Group in a report released on Wednesday. They currently have a $400.00 target price on the stock. Jefferies Group’s target price would suggest a potential downside of 3.49% from the stock’s current price.

CMG has been the subject of several other reports. Buckingham Research restated a “buy” rating and issued a $547.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 16th. RBC Capital Markets restated an “outperform” rating and issued a $465.00 price target (down from $485.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 18th. Instinet decreased their price target on shares of Chipotle Mexican Grill from $372.00 to $333.00 and set a “neutral” rating for the company in a research report on Wednesday, December 7th. Credit Suisse Group cut shares of Chipotle Mexican Grill from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $500.00 to $375.00 in a research report on Wednesday, October 26th. Finally, Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Seven investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have assigned a buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average price target of $425.89.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG) traded up 0.64% during midday trading on Wednesday, reaching $417.15. 439,780 shares of the company traded hands. Chipotle Mexican Grill has a 12-month low of $352.96 and a 12-month high of $542.50. The stock has a market capitalization of $12.08 billion, a P/E ratio of 168.48 and a beta of 0.61. The company has a 50 day moving average of $389.01 and a 200-day moving average of $402.27.

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Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.59 by $1.32. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $13.71 million. Chipotle Mexican Grill had a return on equity of 5.46% and a net margin of 1.94%. Chipotle Mexican Grill’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.59 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill will post $1.29 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in Chipotle Mexican Grill by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 444 shares of the company’s stock worth $188,000 after buying an additional 3 shares during the period. Raymond James Trust N.A. increased its position in Chipotle Mexican Grill by 0.5% in the third quarter. Raymond James Trust N.A. now owns 885 shares of the company’s stock valued at $374,000 after buying an additional 4 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in 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 valued at $441,000 after buying an additional 6 shares during the last quarter. Concannon Wealth Management LLC increased its position in Chipotle Mexican Grill by 1.1% in the third quarter. Concannon Wealth Management LLC now owns 556 shares of the company’s stock valued at $235,000 after buying an additional 6 shares during the last quarter. Finally, Iron Financial LLC increased its position in Chipotle Mexican Grill by 1.9% in the second quarter. Iron Financial LLC now owns 687 shares of the company’s stock valued at $277,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

About Chipotle Mexican Grill

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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