Several brokerages have updated their recommendations and price targets on shares of Chipotle Mexican Grill (NYSE: CMG) in the last few weeks:

  • 7/17/2017 – Chipotle Mexican Grill had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $533.00 price target on the stock.
  • 7/14/2017 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $470.00 price target on the stock.
  • 7/12/2017 – Chipotle Mexican Grill was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/12/2017 – Chipotle Mexican Grill was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Chipotle shares have underperformed the Zacks classified Retail–Restaurants industry in the last year. It has a mixed record of earnings surprises in recent quarters and estimates have gone down ahead of its Q2 earnings release. Throughout 2016, Chipotle’s results were affected by negative publicity linked with food-borne illnesses. Though the company is on the road to recovery, it will take time to fully restore its economic model and customers’ trust and consequently build sales. Marketing initiatives, improvements in customer experience and superior digital ordering channels should aid in bringing back customers. Adoption of new food safety protocols and changes in the board is likely to reap results in the long run. Yet, Chipotle’s CEO seems anxious about reaching the earlier announced guidance for 2017, which raises concern. Also, higher costs could hurt margins while a soft industry backdrop might limit sales growth.”
  • 7/12/2017 – Chipotle Mexican Grill had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/11/2017 – Chipotle Mexican Grill had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $490.00 price target on the stock.
  • 7/10/2017 – Chipotle Mexican Grill had its “sell” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $350.00 price target on the stock, up previously from $300.00.
  • 7/3/2017 – Chipotle Mexican Grill had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $440.00 price target on the stock.
  • 7/3/2017 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 6/27/2017 – Chipotle Mexican Grill had its price target lowered by analysts at UBS AG from $460.00 to $445.00. They now have a “neutral” rating on the stock.
  • 6/26/2017 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $470.00 price target on the stock, down previously from $530.00.
  • 6/22/2017 – Chipotle Mexican Grill had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $550.00 price target on the stock.
  • 6/21/2017 – Chipotle Mexican Grill was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $524.98 price target on the stock.
  • 6/21/2017 – Chipotle Mexican Grill had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $533.00 price target on the stock.
  • 6/21/2017 – Chipotle Mexican Grill had its “underweight” rating reaffirmed by analysts at Stephens. They now have a $350.00 price target on the stock.
  • 6/21/2017 – Chipotle Mexican Grill had its “outperform” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $530.00 price target on the stock.
  • 6/20/2017 – Chipotle Mexican Grill was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/20/2017 – Chipotle Mexican Grill had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $480.00 price target on the stock, down previously from $510.00.
  • 6/20/2017 – Chipotle Mexican Grill had its price target lowered by analysts at Nomura from $510.00 to $480.00.
  • 6/20/2017 – Chipotle Mexican Grill had its “neutral” rating reaffirmed by analysts at Credit Suisse Group.
  • 6/20/2017 – Chipotle Mexican Grill had its “neutral” rating reaffirmed by analysts at BTIG Research.
  • 6/20/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $440.00 price target on the stock. They wrote, “We maintain our Hold rating and $440 price target on Chipotle Mexican Grill (CMG) ahead of company presentations at investor conferences scheduled for this week. We reduce our 2Q17 (June) EPS estimate to $2.62 (from $2.87) following management comments alluding to higher costs incurred during the quarter. We model another double-digit comp quarter for 2Q17, though believe the Easter shift and the data breach hurt traffic somewhat.””
  • 6/20/2017 – Chipotle Mexican Grill had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 6/20/2017 – Chipotle Mexican Grill had its “sell” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/20/2017 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $440.00 price target on the stock.
  • 6/15/2017 – Chipotle Mexican Grill was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $511.86 price target on the stock.
  • 6/8/2017 – Chipotle Mexican Grill is now covered by analysts at Mizuho. They set a “buy” rating and a $533.00 price target on the stock.
  • 6/7/2017 – Chipotle Mexican Grill had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $450.00 price target on the stock.
  • 6/5/2017 – Chipotle Mexican Grill was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $498.87 price target on the stock.
  • 6/2/2017 – Chipotle Mexican Grill was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/30/2017 – Chipotle Mexican Grill was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $498.87 price target on the stock.
  • 5/25/2017 – Chipotle Mexican Grill was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $550.00 price target on the stock, up previously from $447.88.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) traded down 0.97% during trading on Monday, hitting $392.00. 829,701 shares of the stock were exchanged. The firm’s 50-day moving average is $461.49 and its 200 day moving average is $433.29. Chipotle Mexican Grill, Inc. has a 1-year low of $352.96 and a 1-year high of $499.00. The company has a market cap of $11.24 billion, a P/E ratio of 121.25 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm earned ($0.88) earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post $8.19 earnings per share for the current fiscal year.

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.