Chipotle Mexican Grill, Inc. (NYSE:CMG) was upgraded by Argus from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Other analysts have also recently issued research reports about the company. Buckingham Research set a $547.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Saturday, January 28th. Barclays PLC increased their price target on Chipotle Mexican Grill from $395.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 26th. JPMorgan Chase & Co. increased their price target on Chipotle Mexican Grill from $365.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Cowen and Company increased their price target on Chipotle Mexican Grill from $375.00 to $440.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 26th. Finally, Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price target on the stock in a research report on Monday, May 15th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $442.64.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG) opened at 478.80 on Thursday. The firm has a 50 day moving average price of $474.76 and a 200 day moving average price of $422.99. The stock has a market capitalization of $13.72 billion, a P/E ratio of 148.10 and a beta of 0.59. Chipotle Mexican Grill has a 52 week low of $352.96 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted ($0.88) earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill will post $8.48 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Sii Investments Inc. WI increased its stake in shares of Chipotle Mexican Grill by 0.4% in the fourth quarter. Sii Investments Inc. WI now owns 2,271 shares of the restaurant operator’s stock valued at $874,000 after buying an additional 10 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock worth $771,000 after buying an additional 11 shares during the period. Pacer Advisors Inc. increased its stake in Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares during the period. Capital Analysts LLC increased its stake in Chipotle Mexican Grill by 2.9% in the first quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock worth $190,000 after buying an additional 12 shares during the period. Finally, Cim Investment Mangement Inc. increased its stake in Chipotle Mexican Grill by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 1,348 shares of the restaurant operator’s stock worth $509,000 after buying an additional 15 shares during the period. 96.62% of the stock is currently owned by 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.

12 Month Chart for NYSE:CMG

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