Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded by equities research analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday. They currently have a $458.66 target price on the restaurant operator’s stock. Vetr‘s price target suggests a potential downside of 4.27% from the company’s previous close.

Several other analysts have also recently weighed in on the company. Nomura reaffirmed a “hold” rating and set a $510.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, April 28th. Royal Bank of Canada raised Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research report on Thursday, April 27th. Stephens lifted their price objective on Chipotle Mexican Grill from $325.00 to $350.00 and gave the company an “underweight” rating in a research report on Wednesday, April 26th. JPMorgan Chase & Co. lifted their price objective on Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Finally, Jefferies Group LLC lifted their price objective on Chipotle Mexican Grill from $300.00 to $350.00 and gave the company an “underperform” rating in a research report on Wednesday, April 26th. Eight investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $441.44.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 1.69% on Tuesday, hitting $479.13. The stock had a trading volume of 813,348 shares. The firm has a 50 day moving average of $452.66 and a 200-day moving average of $413.30. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 148.20 and a beta of 0.59. Chipotle Mexican Grill has a 1-year low of $352.96 and a 1-year high of $497.48.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.32. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The business’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.88) EPS. Equities analysts predict that Chipotle Mexican Grill will post $8.47 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Seven Bridges Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 14.3% in the third quarter. Seven Bridges Advisors LLC now owns 766 shares of the restaurant operator’s stock worth $324,000 after buying an additional 96 shares during the last quarter. Simmons Bank increased its stake in shares of Chipotle Mexican Grill by 5.0% in the third quarter. Simmons Bank now owns 1,267 shares of the restaurant operator’s stock worth $537,000 after buying an additional 60 shares during the last quarter. Dillon & Associates Inc. increased its stake in shares of Chipotle Mexican Grill by 0.7% in the third quarter. Dillon & Associates Inc. now owns 3,027 shares of the restaurant operator’s stock worth $1,283,000 after buying an additional 20 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $16,909,000. Finally, Manning & Napier Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 9.5% in the third quarter. Manning & Napier Advisors LLC now owns 25,190 shares of the restaurant operator’s stock worth $10,666,000 after buying an additional 2,180 shares during the last quarter. 96.62% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

5 Day Chart for NYSE:CMG

To view Vetr’s full report, visit Vetr’s official website.

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