Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “outperform” rating reiterated by analysts at Wells Fargo & Company in a research report issued on Monday. They presently have a $530.00 target price on the restaurant operator’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 27.62% from the stock’s current price.

A number of other brokerages also recently weighed in on CMG. SunTrust Banks, Inc. boosted their price target on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Mizuho reissued a “buy” rating and issued a $533.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 21st. Standpoint Research initiated coverage on shares of Chipotle Mexican Grill in a report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 price target on the stock. Maxim Group reissued a “hold” rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Finally, BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $452.61.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Shares of Chipotle Mexican Grill (CMG) opened at 415.28 on Monday. The firm has a market cap of $11.90 billion, a PE ratio of 128.45 and a beta of 0.56. Chipotle Mexican Grill has a 52 week low of $352.96 and a 52 week high of $499.00. The firm has a 50-day moving average of $473.87 and a 200-day moving average of $431.95.

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, topping the Zacks’ consensus estimate of $1.28 by $0.32. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.88) EPS. On average, analysts expect that Chipotle Mexican Grill will post $8.25 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/26/chipotle-mexican-grill-inc-cmg-rating-reiterated-by-wells-fargo-company.html.

A number of hedge funds have recently made changes to their positions in CMG. FMR LLC raised its stake in shares of Chipotle Mexican Grill by 27.5% in the fourth quarter. FMR LLC now owns 3,281,840 shares of the restaurant operator’s stock worth $1,238,304,000 after buying an additional 707,970 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock worth $1,211,558,000 after buying an additional 69,007 shares during the last quarter. BlackRock Inc. raised its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. Sands Capital Management LLC raised its stake in shares of Chipotle Mexican Grill by 5.2% in the fourth quarter. Sands Capital Management LLC now owns 1,559,938 shares of the restaurant operator’s stock worth $748,536,000 after buying an additional 77,427 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after buying an additional 44,694 shares during the last quarter. 95.55% of the stock is 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.

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.