Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “buy” rating reissued by research analysts at BMO Capital Markets in a report released on Thursday. They currently have a $550.00 price target on the restaurant operator’s stock. BMO Capital Markets’ target price would indicate a potential upside of 30.67% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CMG. Instinet reiterated a “neutral” rating and issued a $480.00 price target (down from $510.00) on shares of Chipotle Mexican Grill in a report on Tuesday. Mizuho reiterated a “buy” rating and issued a $533.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday. Credit Suisse Group reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Tuesday. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Tuesday. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $451.81.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Shares of Chipotle Mexican Grill (NYSE CMG) traded up 0.80% during trading on Thursday, hitting $420.92. 1,150,306 shares of the stock were exchanged. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $499.00. The stock has a market cap of $12.06 billion, a PE ratio of 130.19 and a beta of 0.56. The stock’s 50 day moving average price is $473.87 and its 200 day moving average price is $431.95. Chipotle Mexican Grill also was the target of some unusual options trading on Tuesday. Stock investors acquired 2,690 call options on the company. This represents an increase of 184% compared to the average daily volume of 946 call options.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned ($0.88) EPS. The business’s quarterly revenue was up 28.1% on a year-over-year basis. Equities research analysts predict that Chipotle Mexican Grill will post $8.27 EPS for the current year.

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A number of large investors have recently made changes to their positions in the company. Federated Investors Inc. PA increased its stake in shares of Chipotle Mexican Grill by 216.7% in the fourth quarter. Federated Investors Inc. PA now owns 551 shares of the restaurant operator’s stock valued at $208,000 after buying an additional 377 shares in the last quarter. Credit Agricole S A increased its stake in shares of Chipotle Mexican Grill by 128.4% in the fourth quarter. Credit Agricole S A now owns 15,804 shares of the restaurant operator’s stock valued at $5,962,000 after buying an additional 8,885 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $31,431,000. Flinton Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $476,000. Finally, Tyers Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $374,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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.

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