Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned an average rating of “Hold” from the thirty-nine analysts that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $457.26.

CMG has been the subject of a number of recent analyst reports. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective for the company in a research report on Tuesday, May 30th. Deutsche Bank AG set a $280.00 price objective on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research report on Tuesday, March 14th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Credit Suisse Group restated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Finally, Standpoint Research initiated coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 price objective for the company.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth about $107,000. Harbour Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp boosted its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth about $178,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill (CMG) traded up 0.51% during mid-day trading on Tuesday, hitting $416.12. The stock had a trading volume of 167,811 shares. The stock’s 50-day moving average price is $473.87 and its 200-day moving average price is $431.95. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 128.71 and a beta of 0.56. Chipotle Mexican Grill has a 12-month low of $352.96 and a 12-month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, beating the consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted ($0.88) EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill will post $8.23 EPS for the current fiscal year.

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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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